White House says more farm subsidy cuts needed

WASHINGTON (AP) ? The White House says it would like to see more cuts to agriculture subsidies in a massive farm bill moving through the Senate this week.

The bill would cost almost $100 billion a year over five years and would set policy for farm programs and food aid. The legislation would cut about $2.4 billion annually from overall farm spending and would eliminate a controversial subsidy that is paid to farmers whether they farm or not. But it would still expand federally subsidized crop insurance and raise subsidies for rice and peanut farmers.

The Obama administration said Monday that it supports the legislation but would like to see more savings in the crop insurance and farm subsidy programs.

The Senate began debating the bill Monday.

Source: http://news.yahoo.com/white-house-says-more-farm-subsidy-cuts-needed-214251928.html

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