A look at what's in the farm bill

  • Article by: The Associated Press , Associated Press
  • Updated: February 4, 2014 - 2:15 PM

The compromise farm bill the Senate passed and sent to the White House on Tuesday sets policy for food stamps and farm programs. The five-year bill would cut food stamps by around $800 million a year and continue generous farm subsidies. Some of what's in the bill:

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rsw71756Feb. 4, 1411:41 AM

As an Iowa Farmland owner of over 2,000 acres of high-quality Iowa Field corn dirt. Let me say that the Farm Subsidies that Iowa farmers receive are really very small. I only receive around $250,000 per year in Farm Subsidies. This $250,000 per year is only 5% of my total gross revenue from selling corn and soybeans to the Chinese. This tells you how very small the Farm Sudies are. Plus, to receive this $250,000 per year requires me to own 2,000 acres of Iowa farmland valued at $30 Million Dollars. Tying up $30 Million of my family's money to get this $250,000 in yearly Farm Subsidies is a pretty hefty amount of money to get these very small Farm Subsidies. So if someone says they are getting rich off these Farm Subsidies, they are full of Bull.

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