Georgia bank and silos by Neal Wellon

By Stephanie Mercier

The President’s FY19 budget would cut discretionary USDA funding by 28 percent, with significant cuts to international food aid, agricultural research, rural infrastructure, conservation technical assistance and farm and business loan and grant programs. On February 12, the Office of Management and Budget (OMB) released the details of the proposed budget for fiscal year 2019 (FY19) of the Trump administration, the second since the current President took office.  Overall, the budget proposes to spend $4.4 trillion in the upcoming fiscal year, generating a projected budget deficit of $984 billion, a 34 percent increase over the size of the deficit in FY17. These figures do not include the cost of the Bipartisan Budget Act of 2018, which I described in a blog posted on February 20th, which will substantially increase the deficits for both FY18 and FY19. Continue reading “Impact of the President’s FY19 Budget Proposal–Part One”