What the proposed 20% cut in farm subsidies mean for your grocery bill

What the proposed 20% cut in farm subsidies mean for your grocery bill

What the proposed 20% cut in farm subsidies mean for your grocery bill
(© Flickr Creative Commons United Soybean Board)

The Trump administration wants to slash $4.8 billion from the $23 billion in subsidies currently given to farmers each year.

Farm groups and Farm Belt politicians have vigorously complained about the effects of the Trump administration’s proposed $4.8 billion in annual cuts to the $23 billion in subsidies currently given to farmers. They argue the cuts will hurt agricultural production, raise food prices and make ordinary households worse off……..

 

Source: What the proposed 20% cut in farm subsidies mean for your grocery bill – MarketWatch

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