Countries across the European Union are finishing new rules for handing out 43 billion euros ($58 billion) in annual EU farm subsidies, a change that has spooked conservationists in drier, pastoral nations like Spain.
Russia agreed to more than halve farm subsidies by 2017 as it aims to join the World Trade Organization, Kommersant reported , citing Agriculture Minister Yelena Skrynnik , speaking yesterday in Geneva.
Congressional aides are looking at reductions to mandatory programs outside of Social Security and Medicare to replace automatic spending cuts hurting research and the Pentagon, said two aides involved in the process.
Fifteen members of the U.S. House and Senate or their spouses benefited from federal farm subsidies last year, underscoring a personal stake for some lawmakers in a congressional debate that resumes this week over spending on agriculture programs.
Negotiators are seeking to salvage the credibility of the World Trade Organization at a meeting in Bali this week, as the lack of agreement over farm subsidies threatens to end 12 years of talks on a global trade pact.