U.S. growers are expected to see a cut in farm subsidies regardless of the election results due later Wednesday, analysts say. Due to budgetary constraints, the government has already proposed cuts in direct and indirect payments to growers in a farm bill under consideration, says Jay O' Neil, Senior Agricultural Economist at Kansas State University. Under either administration, farm support payments will be reduced as part of overall efforts to rein in the budget deficit, he says. No significant changes are expected in the bill as a direct result from the election, says Karl Setzer, an analyst with Iowa-based MaxYield Cooperative. The current U.S. policy of blending renewable fuel with gasoline is also expected to continue as usual for the time being, he adds. (sameer.mohindru@dowjones.com)

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(END) Dow Jones Newswires

November 06, 2012 23:21 ET (04:21 GMT)