Farm Subsidy Cap Seen as Step Toward End of Payments
Washington AP reports the House approved a 55 000 per crop subsidy cap, trimming about 58 million from a 3.5 billion annual program, aimed at reducing payments to large operators while sparking debate on ending farm price supports. Lawmakers and President Nixon back the limit, with Senate action and conference talks pending as debate over food prices and farm structure continues.
MENTIONED IN THIS ARTICLE
Washington
House
Congress
Sen
Robert Dole
R-Kan
U.S
Senate
Nixon
Agriculture Committee
J.G. Boswell Co
Corconan
Calif
Dole
Clifford M. Hardin
White House
House Agriculture Committee
Senate Agriculture Committee
Leveenman Allen J. Ellender
D-La
Hardin
Onte
Matty
Wool Price To Be Down This Year
Washington AP economists say shorn wool payments to growers will average lower this year due to weak world demand and larger wool supplies. Senate and farm policy debate centers on farm payments limits and potential outcomes if subsidies end, with fears of consolidation among survivors forming giant corporate farming structures to match demand.
MENTIONED IN THIS ARTICLE
Washington
Agriculture - Department
Wey
Dole
Senate Agriculture Committee
Congress
General Motors
Also Mentioned on This Page
Allstar
Winky
Morgan
Dad
Olbeer
Dagwoog
John
Mary
Blondie
Thaddeus
Thad Moore
Connie
Mars
Hansen
Ter
Parish
Thad
Chip
Problum
Penta
Dierks
Mexico Lumber CO
Mexico,Mo
M. L. Page
Mgr
Lenka
Jack Cutforth
Ken Johnson
Randy Maguire
Morton Buildings Inc
Mexico
Farmer’s Choice
Soil Service