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Commodity Statement on Federal Deficit and Debt Reduction

Commodity Statement on Federal Deficit and Debt Reduction

 

A joint statement from:

  • National Association of Wheat Growers President Jerry McReynolds, a wheat producer from Woodston, KS
  • National Corn Growers Association President Bart Schott, a corn grower from Kulm, ND
  • American Soybean Association President Alan Kemper, soybean farmer from Lafayette, IN
  • National Sorghum Producers Chairman Gerald Simonsen, a sorghum grower from Ruskin, NE

“Farmer members of the American Soybean Association, the National Association of Wheat Growers, the National Corn Growers Association and the National Sorghum Producers met at Commodity Classic to determine policies that reflect their priorities in 2011 and beyond. Among these priorities, we recognize that reducing federal deficits and the national debt is critical to putting the American economy, including U.S. agriculture, on a sound course for future growth and prosperity.

“We note that agriculture made a down payment in cutting spending when the USDA directed $4 billion in savings under the Standard Reinsurance Agreement for federal crop insurance toward deficit reduction. We believe any further reduction in discretionary spending should recognize and reflect this contribution. We would also note that agriculture-related programs represent less than one-half of one percent of the federal budget.

“Looking forward, we believe any meaningful approach to deficit and debt reduction in the FY2012 budget must encompass all entitlement programs and all discretionary spending. We look forward to working with Congress and the Administration to develop a budget that successfully addresses the need for federal deficit and debt reduction balanced with the need of ensuring a successful agricultural economy.”

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