Obama Pushes $5 Billion Cut in Ag Subsidies

September 22, 2011

President Obama is looking to cut agriculture subsidies by $5 billion a year. Charles Abbott at Reuters asserts:

Direct payments, created in 1996 as a temporary measure, will be the largest farm subsidy this year and terminating them would be a dramatic re-shaping of the U.S. farm program.

Subsidies consistently distort food markets in ways that increase the share of production devoted to animal products. It’s hard to see how the republicans are in a position to block any sort of spending cut. If this goes through, expect the price of animal products to increase relative to that of vegan foods. This could turn into one of the decade’s most important stories for farmed animals. (Via Jolley.) Link.

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