Many states have come forward with a disapproving eye at President Obama’s proposed budget plan cutting subsidies for farms that generate over $500,000 in revenue.
South Dakota farm leaders agree that the idea is not popular amongst farmers.
Ross Ulmer, Brown County Farm Bureau president said often it takes $475,000 in input costs to get $500,000 in revenue. He points out that the costs exceed gross income.
Some input costs include things like fertilizer, pesticides, farm equipment, seed, property tax on the land and income tax to name a few.
Many suggestions have surfaced to adjust the plan, but no decision has been made.
Obama said the proposal will save tax payers $9.8 million over 10 years.
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