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Implement Payment Limitation To Help Family Farmers |
"Obama will implement a $250,000 [farm commodity] payment limitation so that we help family farmers, not large corporate agribusiness. Obama will close the loopholes that allow megafarms to get around the limits by subdividing their operations into multiple paper corporations."
-- Obama's Blueprint for Change
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MARCH 26, 2009
Payment Limitation Amendment Fails
The Senate Budget Committee voted down an amendment from Sen. Charles Grassley, R-Iowa, to the budget resolution that would have set a $250,000 payment limitation per individual farmer. Grassley claimed that the amendment, which failed by a 10-13 vote, would have saved $235 million over five years. |
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FEBRUARY 26, 2009
Budget To End Subsidies For Wealthy Farmers
Obama's budget outline includes a provision to phase out direct payments to farmers whose total sales exceed $250,000 annually, to "help ensure that payments are made only to those that most need them."
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