USDA to Cut $152 Million from Direct Payment Programs

About $152 million will be cut from several FSA programs, affecting nearly 350,000 farmers. According to Agriculture Secretary Tom Vilsack, the cuts come from the direct-payment subsidy and affect producers participating in the Milk Income Loss Program (MILC), the Supplemental Revenue Assistance program (SURE) and the Noninsured Assistance Program (NAP). The cuts are part of the sequester that took effect at the beginning of the month. Read more (Reuters).