A Reuters survey shows farmers want agriculture bill to keep safety net.
January 16, 2012
Farmers think Congress should seek cuts in agricultural spending but protect growers from volatile prices and low yields by retaining a safety net when it writes a new farm law this year, a Reuters survey found.
The random survey of 462 farmers and ranchers at the American Farm Bureau Federation's annual meeting in Honolulu found 39.4% want the current program to continue, with some cuts.
A total of 36.4% of respondents say they would support converting the safety net to a revenue-insurance system.
The current farm law, which entered force in 2008, includes a combination of direct payments to farmers, subsidies triggered by low prices, and government-subsidized crop insurance.
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