"The Bush administration yesterday proposed ending farm subsidies for an estimated 80,000 wealthy individuals as part of a broad plan that would close loopholes and cut traditional farm programs by $4.5 billion over the next 10 years.
The plan would close a major loophole highlighted by The Post that in 2005 allowed corn farmers to receive $3.8 billion more than needed to ensure they got the government-guaranteed price.
The plan also proposes changes in a program that since 2000 has enabled some landowners who do not farm to still collect $1.3 billion in farm payments."
From today's article "USDA Outlines a Plan To Cut Farm Subsidies" in the Wash Post, as part of its "Harvesting Cash: Working a Farm Subsidy" series.
I'll put this in my "It's About Time" file.
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