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Last week, House Republican leaders indicated they would back a one-year extension of existing farm programs, crop insurance and subsidies, with a drought package attached.
Due to budgetary constraints affecting all areas of government, Peterson and his committee will specifically be re-considering the efficiency of direct payments, disaster relief programs, crop insurance and conservation programs.
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"So it's kind of interesting that there are so many programs cropping up because I don't know who's going to employ all those people who are getting these certificates".
[5] Even without boosting the program, crop insurance payments came in at a whopping $17 billion last year.
Total U.S. farm program, crop insurance, and conservation subsidies total about $20 billion per year.
That's not all: there are more outlets for programming cropping up all the time, with Netflix and Amazon and dozens of cable channels competing for actors, producers and, most important, viewers.
That's because they're also likely benefitting from indirect subsidies through another program, the crop insurance program, the recipients of which remain unidentified by law.
Unlike other farm programs, the crop insurance program does not cap the amount of subsidies.
The farm bill, which comes up for debate every five years and finances hundreds of programs, including crop insurance and food stamps, expired on Sept. 30.
Farm programs, including crop insurance, have come under scrutiny with increasing pressure to reduce the federal deficit and with farm income at record levels.
Billions of dollars saved by eliminating direct payments would be directed into other subsidy programs, including crop insurance and new subsidies for peanut, cotton and rice farmers.
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