The Agriculture Department’s accounts are being reduced by 5 percent for the remainder of Fiscal Year 2013, as a result of sequestration. The Office of Management and Budget (OMB) identified the following cuts:

  • Rural Cooperative Development Grants cut 5% ($1 million from $25 million)
  • Rural Business Program Account cut 5% ($4 million from $75 million)
  • Rural Energy for America Program (REAP) cut 5.1% ($1 million from $25 million)
  • Rural Development Loan Fund Program Account cut 5% ($1 million from $11 million)
  • Energy Assistance Payments cut 5.1% ($3 million from $65 million)