Posted inAgribusiness, Government

Cutting subsidies may plant financial doubt, make it harder to become a farmer

Congress and The President approved a nearly $1 trillion Farm Bill last week, effectively ending an uncertain period for the agriculture industry. While many farmers and ranchers are thankful that a bill has finally been passed, some believe the elimination of the direct payment subsidy program could hurt farmers’ chances of getting a loan. Others believe the elimination may make it harder for new farmers to break into the agriculture business, as well.