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President's Budget: Implications of Selected Proposals for U.S. Agriculture

Abstract

The report presents estimates of impacts on U.S. production, prices, producer returns, government costs, and net farm income resulting from two proposals in the President's budget, a 5 percent cut in payments and a limitation on production eligible for loan program benefits.Material in this publication is based upon work supported by the Cooperative StateResearch, Education, and Extension Service, U.S. Department of Agriculture, under Agreement No. 2004-34149-14431

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