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White House surprises some with new direction for farm policy

(Sept. 20, 2001 CropChoice news) The Bush administration said yesterday that it would shift U.S. farm policy from a course of subsidies for commodities mainly cotton, corn, soybeans, wheat and rice that distort the market to one that encourages conservation, access to foreign markets, investment in infrastructure and more research.

As it stands now, the government rewards mostly large-scale farmers. Less than 10 percent of U.S. farmers receive half of federal subsidies.

The Administration hopes to spend more than $150 billion on a new 10-year farm bill.