Obama Budget Proposal Includes Funds for Ag-related Sciences
Tuesday, February 14th, 2012
The Obama Administration rolled out a multi-trillion-dollar budget proposal Monday, which includes an increase in funding for agriculture related research and development.
The $3.8 trillion federal budget proposal shows the U.S. Department of Agriculture would endure cuts of $32 billion over 10 years, largely through the elimination of direct payments, as well as cuts of subsidies to crop insurers. However, the administration is proposing the USDA receive $325 million in competitive research grants through the Agriculture and Food Research Initiative, an increase of $60 million over the current budget levels.
The proposal increases funding 2.6% to $5 billion for the U.S. Department of Energy and includes a bigger jump of 4.8% to $7.4 billion for the National Science Foundation.
Read More: US Agnet