President proposes to end Direct Payments

President proposes to end Direct Payments

Washington Ag Today September 20, 2011 President Obama’s plan to reduce federal spending by an additional three-trillion dollars over the next decade includes 33 billion dollars in cuts to agriculture programs over that period.

The President wants Congress to eliminate the Direct Payment Program which applies to farm program crops such as wheat, barley and corn. He also wants to reduce crop insurance administrative costs and subsidy premiums by an additional 6.3 billion dollars and trim two billion dollars from conservation programs.

The administration wants new fees on pesticide manufacturers and would require cuts to funding for the nation’s inland waterway system, the primary transportation system for U.S. grain exports.

Now the Stockland Livestock Report.

This is Jack McQuinness here at Stockland Livestock in Davenport. 600 head of cattle on our market. Cows and bulls were lower again. Took a area real good cow to bring 65, 66 cents here yesterday. Bulls topped at 82 and a couple, three dollars lower than what we have seen, but putting it in perspective we are probably five to ten cents higher than the same time a year ago. All classes of feeder cattle fully steady. Some of the light calves a little bit higher again. Dollar-60 was the top on the 450 steer calves. A dollar-45 for the 500 pounders so a good active market on all classes of feeder cattle. Again we will have another special sale here next week. Horse sale this coming Saturday and our small animal sale on Tuesday the 27th. That’s all here at Stockland.

Thanks Jack.

I’m Bob Hoff and that’s Washington Ag Today on Northwest Aginfo Net.

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