Trump Budget Proposal Once Again Slashes Agriculture Spending
President Trump on Monday, February 12, released its budget proposal for the 2019 fiscal year. The budget proposal includes deep cuts to agriculture programs, including commodity title programs and crop insurance. The old saying related to presidential budgets are that “the president proposes, and Congress disposes.” We will get to see whether that saying holds true as Congress develops its budget proposals for the 2019 fiscal year and as it develops the next farm bill. Many of the proposals in the budget will likely emerge in a legislative form by members of Congress who do not support agriculture related spending programs.
Overall, the fiscal year 2019 budget proposal seeks spending reductions of $48.4 billion in discretionary programs, including $25.8 billion in program eliminations and $22.6 billion in reductions. The budget also proposes significant spending reductions in mandatory programs such as commodity and nutrition programs. Many of these cuts directly impact programs important to the agriculture sector of the U.S. economy.