Coming up we’ll tackle sequestration which is set to occur March 1. But first, when a large group of farmers in the Southeast banded together to sue a powerful dairy cooperative a few years ago, many hoped that the case would bring big changes to the industry. But as Peggy Lowe of Harvest Public Media reports, the recent settlement of the case involving Kansas City-based Dairy Farmers of America has resulted in some money for small farmers in the short term but little long-term reform.
Barring a congressional miracle, Medicare payments to health care providers throughout the country will see a 2 percent reduction come Friday. That amount might not sound like much, but rural hospitals and their surrounding communities are the ones that would feel most of the pinch.
Sequestration, or the automatic across-the-board funding cuts set to kick in nationwide at the beginning of 2013, will tally nearly $110 billion dollars in cuts over the next nine years. The cuts are meant to alleviate the trillion dollar deficit. Congressional Republicans and Democrats are currently facing a stalemate on a solution to the severe fiscal cuts sequestration calls for while still fixing the deficit. KBIA’s Kristofor Husted reports that millions of dollars are at stake for the University of Missouri System.