WASHINGTON (AP) — The Obama administration said Monday it wants 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.
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