Sen. Grassley Questions Trump Nominee Richard Fordyce on Farm Payment Limits
Forbes Breaking NewsAugust 7, 20255 min1,614 views
15 connectionsΒ·19 entities in this videoβFarm Program Payment Limitations
- π‘ Senator Grassley advocates for payment limits on farm subsidies to prevent large farms from becoming excessively larger through government support.
- π― He argues that subsidizing large farms drives up land prices and cash rent, making it harder for young, new farmers to start.
- π The principle of a safety net, Grassley states, is to support small and medium-sized farmers who are vulnerable to factors beyond their control, such as price freezes or embargoes.
'Actively Engaged' Definition
- π Grassley expresses concern that the definition of 'actively engaged' in farm operations has been expanded by the Department of Agriculture, allowing individuals not directly involved in management to receive benefits.
- β οΈ He suggests that regulations have gone too far, enabling even distant relatives (like third cousins) to benefit from family farm operations, which he deems incorrect.
Nominee's Response on Payment Limits
- π€ Richard Fordyce, the nominee for Under Secretary of Agriculture for Farm Production and Conservation, stated he had not
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Transcript21 segments
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Whatβs Discussed
Farm Payment LimitsSmall Farm PaymentsSenate Agriculture CommitteeRichard FordyceSen. Chuck GrassleyTrump AdministrationFarm ProgramsLand PricesCash RentYoung FarmersSafety NetActively Engaged
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