U.S. Agriculture Secretary Tom Vilsack has designated 597 counties in 14 states as primary natural disaster areas due to drought and heat. All qualified farm operators within those areas will be eligible for low-interest emergency loans.
It's amazing how many different kinds of people have been trying to abolish or at least change the government's payments to farmers. They include economists, environmentalists, taxpayer advocates, global anti-hunger advocates and even a lot of farmers. Some have been fighting farm subsidies for the past 20 years.
This past year, those critics laid siege to offices on Capitol Hill because the law that authorizes these programs — the farm bill — was about to expire. (It has to be renewed every five years.)
The budget compromise bill that is meant to allow the U.S. government to avoid higher tax rates and austere budget cuts has tax rates as its central issue, with discussions about more spending cuts, and the federal debt limit, put off until the coming weeks.