Farmers Reeling Over Proposed Cuts in Trump's Budget

Farmers Reeling Over Trump Budget Proposal

MOCKSVILLE, NC -- Some of your favorite foods could soon be harder to find thanks to proposed government legislation.

President Trump's budget proposal would slash several programs at the U.S. Department of Agriculture — including crop insurance and subsidies for farmers.

The impacts could have a trickle-down effect on everyone.

The White House proposed cutting $38 billion in subsidies to farmers and crop insurance faces a $28 billion cut.

Crop insurance is a safety net for farmers in case something goes wrong with their harvest.

If Trump’s budget proposal passes, farmers like Wayne Cleary will have to take a big risk to stay afloat.

"It's just like medical insurance,” said Cleary. “If you have to go to the hospital for a heart attack, that's going to be a tremendous bill. If you have no insurance, you are going to be paying on that for a long time. As a matter of fact, it could ruin your life. It's the same way with crop insurance."

Cleary is a third-generation farmer.

His father purchased a 140+ acre farm in Mocksville after returning from WWII in 1947.

The farm has remained in Cleary’s family for the last 70 years.

But right now, the crop fields are a little bare.

He's only growing tobacco and wheat.

The recent rainy weather ruined Cleary’s chances to grow his soy beans.

They're also not growing corn because Cleary says the prices are so cheap, they'll lose more money than they make.

With budget cuts looming, if he loses that safety net and his crops go bad, Cleary says he could end up losing his whole business.

"You just don't take it for granted,” said Cleary. “Just because you can go to Taco Bell and Arby's and Burger King and McDonald's anytime you want to, that doesn't always mean that it will always be that way."

The president's budget calls for capping crop insurance subsidies at $40,000 per farmer, which would save more than $16 billion over a decade.

This is not a done deal.

At the time of this report, Congress is under budget negotiations.

The House and Senate would have to approve the president’s budget for it to go in effect.

 

© 2017 WFMY-TV


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