According to several sources as well as a press release from United Press International (UPI), President Obama proposes a decrease of crop insurance subsidies and cutting out all direct payments to farmers in his latest budget.
The administration is estimating the move would save $37.8 billion over 10 years.
The proposal is part of the president's Department of Agriculture budget for fiscal year 2014, which begins in October. While such proposals have been included in previous budgets, the measures have yet to be approved.
Elsewhere in the Department of Agriculture budget, Congress calls for spending $4 billion for renewable energy and environmental improvement loans and $383 million for the Agriculture and Food Research Initiative, an increase of $119 million compared to the amount set in 2012.
According to the UPI release, other agricultural initiatives include spending $7.1 billion for the Special Supplemental Nutrition Program for Women, Infants, and Children, which includes as part of a nutrition safety net the White House said affects more than 47 million people.
The White House also proposed raising lending for water safety and waste water treatment, as a means of saving money—according to the administration, more lending means fewer grants are paid out, which saves taxpayers money.
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