U.S. Secretary of Agriculture Tom Vilsack spoke to a packed house at the general session of 2010 Commodity Classic. He addressed a number of issues including trade, biofuels and the local food movement. In a news conference following the speech, Vilsack said the proposed reduction in direct payments would affect only 32,000 out of 3.2 million producers receiving those payments.
Vilsack said the cuts would affect those producers earning more than $250,000 in off-farm income and $550,000 in total income. The primary cuts in the Obama administration’s fiscal year 2011 budget would not only affect farm payments, but also Social Security, Medicare and Medicade.
“This will send a statement that we are focused on a forward looking position,” Vilsack said.
In this video, Vilsack talks about a new approach to trade that the Obama administration believes should benefit U.S. farmers.