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And farmers across the country also facing challenges they're getting hit by bad weather and many rely on government subsidies to make ends meet in times like this.
But credit subsidies growing out of control actually Webster's on a farm in Chester New Jersey -- -- -- there any plans to cut back on these subsidies.
Well there's certainly proposals out there Diane in fact just yesterday Republican Chuck Grassley had Democrats Tim Johnson now Grassley of Byron Johnson of South Dakota introducing legislation.
That said you know what we should be reducing the the the monetary limits on which people can qualify for farm subsidies right now you can be earning 750000.
Dollars a year in your operation and still qualify for.
Federal government subsidies that lawmakers would like to bring that down to 200000.
Dollars a year but.
You -- most farmers and they say -- the amount of money we actually get is not that great in this country relies on the product that we turn out.
However it has to be noted that farming -- and a crop production has increased some 20% this year and the average household income is -- half -- farms that nonfarm households.
So when you put battle together as a tax pay you ask yourself where these people are making all this money while we the taxpayers.
It's going -- giving them more money to support them so that's a big issue it's a very complicated -- because.
It comes in many layers there's a lot of vagueness -- -- around subsidies what exactly constitutes a working farm and the critics will say that there are many loopholes in the law that.
You know you don't really managing -- -- but somehow are able to qualify for these subsidies and as we look at a federal but Bob -- deficit.
In the trillions.
You have to ask yourself that must be some -- places here where the government can save money.
I just spoke to the owner of this bomb hit cut all -- said you told me you know what let the public has this perception that.
-- just rolling in money that the government and taxpayers -- giving us all this money sit in reality.
That is not the case but certainly the numbers a little hard to understand when you look at the state of the economy right now.
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