The White House's 2020 budget plan to slash federal funding for farm subsidies and other safety net programs for agricultural producers is getting criticized by farmers who say they are already struggling.
President Donald Trump's 2020 budget plan to slash federal funding for farm subsidies and other safety net programs for agricultural producers is getting criticized by farmers who say they are already struggling.
"The environment that we have in agriculture right now means crop insurance is very important," said North Dakota farmer Kevin Skunes, chairman of the National Corn Growers Association."Nobody is insuring for a profit but they're trying to insure so that if Mother Nature doesn't shine on them they should be able to get the bank paid back."
The Republican budget plan still faces scrutiny in Congress where some Democrats have already have vowed to fight it. Trump's 2020 budget request included cutting subsidies for those farmers and ranchers with adjusted gross incomes exceeding $500,000. Similarly, the administration's 2019 budget plan proposed limiting subsidies for growers making more than $500,000.
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