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Reaction cool to 2013 USDA budget proposal

Agriculture Secretary Tom Vilsack called the President's 2013 request to Congress, a relatively "stable budget," with increases in some areas, but cuts in others.
Compiled by staff 
Published: Feb 14, 2012
The heads of the House and Senate Agriculture Committees chided President Obama's decision to include crop insurance reductions in his FY 2013 budget plan for USDA, which also eliminates direct farm payments to help cut costs in the entire $3.8 trillion budget proposal.

The plan suggests $32 billion in savings over the next decade in mandatory program spending on commodity programs, crop insurance subsidies and conservation programs. It allocates $23 billion in discretionary spending for USDA in 2013, down nearly 3 percent or almost $700 million from the amount appropriated for the current fiscal year.

Under Obama’s plan, savings in the crop insurance program would come by reducing reimbursement to private companies to save $1.2 billion over 10 years and adjusting the cap on administrative expenses to save $2.9 billion over 10 years. In addition, the administration is proposing to reduce the premium subsidy by 2 basis points for all but catastrophic coverage, saving $3.3 billion over 10 years.

We have an audio report on the budget from RFD Radio's Matt Kaye.



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