President's Budget Slashes Spending for Dairy, Maintains Subsidy Programs
The Bush administrations fiscal year 2008 budget released last week fails to make wise investments in dairy programs, according to IDFA. For nearly every commodity program except dairy, the administration's budget and recently released farm bill proposal call for increased funding and take bold steps to modernize commodity programs to make them more trade compliant and less market distorting. In contrast, the proposed spending on dairy maintains funding for the Dairy Price Support Program, the Milk Income Loss Contract (MILC) program and the Dairy Export Incentive Program (DEIP) instead of including similar forward-looking reforms. "This budget does not move dairy policy forward in any meaningful way," said Connie Tipton, IDFA president and CEO. To read IDFA's press release, click here
. Members can click here
to read IDFA's analysis of the proposed budget.
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Posted February 12, 2007