Soy growers ask higher U.S. support, biodiesel aid - Reuters

[Eugene]

Soy growers ask higher U.S. support, biodiesel aid

Fri Feb 9, 6:30 PM ET

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WASHINGTON (Reuters) - Congress should increase soybean subsidies and provide
a biodiesel incentive payment to encourage development of the renewable fuel,
the American Soybean Association said on Friday.

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Congress is scheduled to overhaul U.S. farm policy this year.

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It also recommended:

--"A biodiesel incentive payment to support continued growth of the young U.S.
biodiesel industry in the face of sometimes subsidized foreign imports."

--Expanding the Conservation Security Program into a national program and giving
it more money. CSP pays farmers who make land stewardship part of their farming
operations.

--More money for the cost-sharing Environmental Quality Incentives Program, which
combats runoff from feedlots and fields. EQIP gets about $1 billion a year.

--Allowing higher-quality land in the land-idling Conservation Reserve to "return
to production or to produce energy crops," such as soybeans for biodiesel or corn
for fuel ethanol.

Full article: http://news.yahoo.com/s/nm/20070209/sc_nm/usa_soybeans_supports_dc