Farms.com Home   Ag Industry News

American Farmers’ Hopes Dashed, New U.S. Farm Bill Won’t Happen in 2013

By Amanda Brodhagen, Farms.com

Agricultural lawmakers in the U.S. Congress said Tuesday that a new Farm Bill won’t be completed before January, 2014. Hyper partisan politics has stood in the way of Democrats and Republicans reaching a compromise on key parts of the legislation, such as funding for food stamps.

Chairman of the House Agricultural Committee, Republican Frank Lucas, said the House plans to draft a bill asking for a one-month extension on the current 2008 Farm Bill. While the Republicans are calling for an extension, Debbie Stabenow, chairwomen of the Senate Agricultural Committee said that Democrats will not support an extension and would rather allow the current Farm Bill law to expire at the end of the year.

The Farm Bill saga has been going on since mid-2012 and has been delayed numerous times over food stamps, a disagreement between Republicans and Democrats. House Republicans want to cut $40 billion over 10 years, while the Senate Democrats propose $4.5 billion in cuts.

Both the House and Senate versions of the bill would reduce spending on farm subsidies, conservation progress and food stamps. Overall, the Farm Bill is a $500 billion measure. The House will adjourn for the year on Friday, while the Senate is slated to finish up by Dec. 20.
 
 


Trending Video

$5 Corn, $12 Soybeans, $7 Wheat & $750 Canola! Is the Top In/Party Over?

Video: $5 Corn, $12 Soybeans, $7 Wheat & $750 Canola! Is the Top In/Party Over?


$5 corn, $12 soybeans, $7 wheat & $750 canola! Is the top in and the party over with lower crude oil and an end to the Iran war?
The 2026 USDA May report could see ending stocks fall further due to red-hot U.S. corn exports, lower HRW production and lower Brazil corn production?
OK HRW wheat tour sees crop down 50% + Kansas Quality Council Wheat tour next week.
Headline news that U.S. could import Brazilian beef weighed on cattle futures.
Headline news of pseudorabies disease found in hogs in Iowa and #1 buyer Mexico may restrict exports weighed on hog futures.
Stocks are on fire.
5 senators are in China planning ahead of the Trump/Xi meeting on May 14/15. CFTC.