EU looking to put the brakes on subsidy gravy train

British farmers will receive smaller subsidies in coming years, U.K. Farming Minister Jim Paice said, adding he favoured its eventual abolition as global food prices rise. “The single farm payment is going to go down,” said Paice, referring to the expected outcome of negotiations about the EU’s Common Agricultural Policy after 2013. Senior EU officials


Bigger U.S. subsidy cuts considered

Congress could slash U.S. farm subsidies far more than expected, perhaps by twice as much as proposed two months ago, to help trim the federal deficit, Agriculture Secretary Tom Vilsack said Jan. 8. “It could be $23 billion. It could be $48 billion. It could be $33 billion,” Vilsack said on the sidelines of the

U.S. Senate Votes End Farm Subsidies To People Earning $1 Million

WAS HINGTON / REUTERS / The U.S. Senate has passed a bill to bar farm subsidies to wealthy Americans. The provision in a funding bill would halt subsidies to people with more than $1 million a year in adjusted gross income. It must be reconciled with House legislation, which has no limit, before becoming law.


Canada-Europe Trade Deal Raises Concerns

As legislation to end the Canadian Wheat Board s monopoly marches closer to reality, there is growing speculation that this country s supply management sector will be next on the free marketers hit list. It s in the government s and the WTO s (World Trade Organization) agenda, they want to ensure there is an

EU Reform Plans Target Greener, Fairer Farm Subsidies

European Union officials want to make farm subsidies fairer and more environmentally friendly, in a bid to win support for keeping annual agricultural spending at about 55 billion euros (US$75 billion) up to 2020. Critics of the bloc s common agricultural policy (CAP) had urged the European Commission to take advantage of high global food


U.S. Budget May Cut Farm Subsidies

Farm subsidies could be cut as part of efforts to reduce federal spending, said Senate Majority Leader Harry Reid March 8, pointing to high grain, soybean and cotton prices. Reid was the latest congressional leader to say farm subsidies could be a target for budget cuts. House Speaker John Boehner said last week he was

Are Canadian Farm Subsidies Necessary?

Derek Brewin believes if Canadian farm subsidies were eliminated, over time, farmers’ net incomes would eventually be about the same as they have been. So why not scrap the subsidies? Brewin, an agr icul tural economist at the University of Manitoba, chuckles when asked. The tough part, he says, would be the transition. “They (farmers)


Obama Would End Subsidies To Wealthiest U.S. Farmers

President Barack Obama called in his 2012 budget plan for the elimination of farm subsidies to the wealthiest U.S. growers Feb. 14, arguing that the payments distort the farm sector and some farmers can be paid even if no crops are grown. Lawmakers rejected an identical proposal a year ago, ahead of the 2010 mid-term

Ethanol And Oil Subsidies: Competing Claims And Self-Justification

Acommon question we hear when we tell people that we are agricultural policy analysts is “Well, whaddya think about ethanol subsidies?” That question becomes critically important as the blenders’ credit, the ethanol import tariff and the small producers’ tax credit face a deadline of December 31, 2010 for renewal by a lame-duck Congress. Todd Neeley,