- 5 Beds
- 7.0 Baths
- 9,935 SqFt
- 70.00 Acres
70 Acres In Prime Location For Residential Development. R4 Zoning, 2 Miles From Bluegrass Busine...
3300 Old Sligo Rd La Grange
WILLOW LAKE FARM a true Kentucky Equestrian Estate. Pass through the stone gates along the windin...
415 E Market St 106 Louisville
In-town for the show season or race meets and tired of hotels? How about your own pied-à-terre! ...
1385 E STATE ROUTE 56 Morganfield
World class horse farm. Stone manor house sits amidst green rolling fields lined with miles of w...
696 Pea Ridge Rd Stamping Ground
Turn key equestrian farm only minutes outside Georgetown & only 15 miles to the KY Horse Park. Be...
The farms bill is now estimated at $289 billion over the course of 5 years. And if enough farms continued to participate in the program, the cost could escalate to an estimated $700 billion over 10 years. Critics point to the farms bill over burdening the American tax payer, while those in favor champion its cause as reinvesting in our heartland.
Approximately 2/3 of the cost in the 1st five years is allocated to nutrition and food stamps. The existing subsidies to corn, wheat, cotton, and rice remain essentially unchanged. But it does include a $3.8 billion permanent disaster payment program that would assist persons that have had harsh farming conditions such as Montana, South Dakota, and North Dakota.
It does however offer enhanced assistance for farms growing fruits and vegetables as well as offering between an estimated $1.3 billion and $3 billion for special crop marketing efforts, research, and production.
One important note for horse owners was attempted to be included by Senator Mitch McConnell into the build, which includes a tax break for race horse owners. The legislation added provides that race horses would be depreciated over 3 years tax-wise, regardless of when the horse actually began its training. This provision however did NOT make it as an earmark because it would have affected many thousands of persons in almost every state in the US. Estimates for this provision would have placed it at approximately $126 million in costs over 10 years.
Regardless, it looks like the Farm Bill is going to be approved, despite President Bush’s objections as a significant majority of the elected officials are now behind and are lending its support to override any veto efforts by the President.