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Dole, Daschle Say Biofuels Can Replace Farm Subsidies

Wednesday, 30 May 2007 | 3:00 PM ET

Former U.S. senators Bob Dole and Thomas Daschle recently issued a report, "New Markets for American Agriculture," which is meant to direct farmers toward more biofuels and help them obtain income directly from the marketplace -- rather than through government subsidies.

Agricultural Efforts
Discussing a new direction for agriculture, particularly when it comes to ethanol production, with former U.S. Sen. Bob Dole (R) KS & majority leader; former Sen. Thomas Daschle, (D) SD & minority leader and CNBC's Michelle Caruso Cabrera

On "Morning Call," Dole said that not only will the suggested program give farmers more opportunities with varied biofuels beyond corn-based ethanol, it will also save the government money by "eliminating the direct payments in capping how much a single farmer can get in disaster relief or in government payment to $250,000."

Daschle -- the once-vocal Democrat who co-founded the Bipartisan Policy Center with Dole, an ex-GOP presidential candidate -- said that they have reduced subsidies to farmers by $23 billion over the last six years. And, Daschle added, they are just getting started.