Articles by Charles Abbott

Post-Election Congress Expected to Target Crop Insurance

Federally subsidized crop insurance will be a big target for lawmakers looking to cut the budget deficit in the lame-duck session of Congress opening next week, agricultural policy experts agreed the morning after a status-quo general election. But lawmakers will …

House Passes $383 million US Drought Aid Bill for Ranchers

The U.S. House of Representatives passed a $383 million disaster relief bill on Thursday that provides political shelter for lawmakers during the worst drought in half a century, but may not release the aid for months to come. Nearly two-thirds …

Drought Bill May Get Washington to Act on Farm Bill

A comparatively low-priced disaster bill for livestock producers hit by the worst U.S. drought since 1956 may be the ticket to passage for a $500 billion farm bill now in limbo in Congress. Republican leaders in the House of Representatives …

House Panel Balks at Senate Crop Insurance Reforms

The U.S. House Agriculture Committee challenged two crop insurance reforms approved by the Senate, creating another farm-bill dispute with time running out to enact the new law. Besides disagreeing on crop insurance, the House would increase crop price supports by …

Senate Overhauls Farm Subsidies, Crop Insurance But Time Running Out

The Senate approved sweeping new U.S. farm legislation on Thursday that would cut almost all traditional farm subsidies while expanding a costly crop insurance program, but odds are slim the bill will pass this year. Passed by a 2-1 margin, …

Senate Committee Votes to End Direct Farm Subsidies, Backs New Insurance Plan

U.S. farmers will get a new crop-subsidy program that protects them from ruinous declines in revenue, the biggest threat to survival with today’s high and volatile prices, a Senate committee decided on Thursday. The Agriculture Committee approved the new path …

Senate Bill Would Revamp Federal Crop Insurance Program

U.S. farm subsidies would get a 21st Century make-over to protect grower revenue from ruinous losses, the biggest threat to their operations from today’s high and volatile market prices, under a bill unveiled by Senate Agriculture Committee leaders on Friday. …

Obama Deficit Plan Targets Farm Subsidies, Crop Insurance

President Barack Obama on Monday proposed to end a “direct payment” subsidy that gives $5 billion a year to farmers regardless of need, as part of his larger effort to reduce the federal budget deficit. Direct payments, created in 1996 …

Lawmakers Agree on Historic Financial Industry Reforms

U.S. lawmakers hammered out a historic overhaul of financial regulations as dawn broke over the nation’s capital Friday, handing President Barack Obama a major domestic victory on the eve of a global summit devoted to financial reform. In a marathon …