“I am encouraged that President Obama called for limitations on commodity payments to large agribusinesses,” said Sen. Tom Harkin, Iowa Democrat and chairman of the Senate Agriculture Committee. “In these trying economic times, we need every dollar to go where they are needed the most. We enacted some reforms in the farm bill, which can hopefully now go further with the backing of this president.”
But Bob Stallman, president of the American Farm Bureau Federation, said they oppose the plan.
“At this point, even deeper cuts in agricultural supports would have drastic impacts at the farm level and would certainly curtail much-needed economic activity without yielding deficit reduction of any significant degree,” he said.
• David R. Sands contributed to this report.