Peterson Opens US House Ag Committee Hearing on State of Farm Economy

Peterson Opens US House Ag Committee Hearing on State of Farm Economy Click to Enlarge


(From MNN) -- The U-S House Agriculture Committee is holding a hearing today on the state of the farm economy with U-S-D-A Secretary Sonny Perdue.

Chairman Collin Peterson said during opening statements, "if it weren’t for payments to farmers through the Market Facilitation Program and disaster payments, farm income would have been in the tank last year."

The Minnesota Democrat says he hopes the farm markets return to normal, but added "the president’s comments about a third payment also don’t give me a lot of hope that we’ll see tangible benefits from these new trade deals anytime soon." Peterson told Secretary Perdue he'd like to hear how he views the state of things and how to make sure the farm economy recovers and thrives like we all want it to.

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