Agriculture will be one of the industries hardest hit by Hurricane Katrina. The disaster could cost farmers an estimated $2 billion nationwide, according to the American Farm Bureau Federation. Besides direct losses, the costs include higher prices for fuel and transportation (much of U.S. exported grain was shipped on barges to the New Orleans port). This hardship will likely cost the U.S. government, too, as it will make it harder for the Bush administration to push through proposed farm subsidy cuts.
Posted by Phillip Brownlee
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There’s an old saying…”All a farmer has to do to increase his income is put up another mail box!”
This of course, refers to the amount of government subsidys farmers receive. One example is the Federal Crop Reduction Program that pays farmers to leave their ground fallow.
My heart goes out to them.