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Feingold-Grassley introduce progam payment limits

Senators Russ Feingold (D-WI) and Charles Grassley (R-IA) have introduced legislation to limit farm program payments. The two say their bi-partisan Rural America Preservation Act will save taxpayers more than a billion dollars over the next ten years years; “by closing loopholes in farm programs which allow mega-farms and non-farmers to collect huge government checks each year.”

The Feingold-Grassley measure would cap farm commodity subsidy payments to $250,000. Feingold says it is a common sense approach to helping family farms while saving taxpayer dollars. “For too long large agribusinesses and non-farmers have gamed the limits on farm subsidy programs, taking limited and critical resources better used to support our family farmers who are facing numerous challenges in the current economic climate.”