NYT: Bush to cut Farm Subsidies: Read the story in full.

President Bush will seek deep cuts in farm and commodity programs in his new budget and in a major policy shift will propose overall limits on subsidy payments to farmers, administration officials said Saturday.

Such limits would help reduce the federal budget deficit and would inject market forces into the farm economy, the officials said.

The proposal puts Mr. Bush at odds with some of his most ardent supporters in the rural South, including cotton and rice growers in Alabama, Arkansas, Georgia, Louisiana and Mississippi.

This is good news, too bad though that he called for more ethanol during his SOTU address. President Bush is beginning to win over some of his former foes.

Kenneth Cook, president of the Environmental Working Group, a research and advocacy group, said the proposal would reduce payments to big agribusiness operations. The savings, he said, would ease pressure on Congress to cut conservation programs financed in the same legislation.

"This proposal is a very big deal," Mr. Cook said. "I am stunned and impressed. The
Bush administration is opening the door to reform on the most contested issue in agriculture policy today. Taxpayers will no longer have to subsidize every bushel of grain or bale of cotton. They will no longer have to subsidize the demise of the family farm."