Agricultural Bankruptcy Possible?

It was the hot topic at the annual Florida Panhandle Peanut Program held in Marianna.

More than 300 farmers from the Panhandle, the Wiregrass and southwest Georgia discussed their concerns over "cutbacks" in federal storage fees and lost crops.

The conference is usually held to get the latest news on production, pesticides and economic conditions.

This year, competition from Argentina, India and China also made the agenda along with President Bush's proposed federal budget. In it there's a cut in agriculture which would slash anywhere from five-to-ten percent in various subsidy programs.

Several growers believe with key southern senators and congressmen on agricultural committees in Congress, they don't believe the cuts will go through.