Budget Farm

By: AP
By: AP

Thousands of the nation's richest farmers could lose their government subsidies under a Bush administration plan to curb spending.

Proposals released on Wednesday would cut agriculture spending by 18 billion dollars during the next five years.

They represent President Bush's version of a new farm bill: a system of supports that would protect farm income and crop prices and keep food prices stable.

Senate Agriculture Committee member and Colorado Democratic Senator Ken Salazar says those who understand agriculture best should have input on the new bill.

Salazar has launched a Farm Bill Update Page on the Internet to provide updates on the proposed new law, and opportunities for feedback.

The current farm bill expires at the end of this year.

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