Tuesday, May 01, 2007

Peanut Farmers Hurt with Spending Cuts

In the midwest we don't think much about it, but southern peanut farmers are being hurt by the changes in farm policy. Much of the US peanut crop is grown in Georgia.

The Federal government has cut 74 million-dollars in subsidies.
Now, farmers themselves will have to pay to have the peanuts stored.
Farmers say between the drought and the government's lack of enough help in this arena, they say its just another element to cutting into their profits.

Peanut Farmer David Reed, says, "If the government doesn't pay it, the its going to fall back to the farmer. He's going to have to pay it because the shellers and the manufacturers are not going to pay it."

Farmers say the cut could push more farmers out of the industry.

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