Farms.com Home   Ag Industry News

Senate to Vote on U.S. Farm Bill

By Amanda Brodhagen, Farms.com

The U.S. Senate will be voting on the nearly $1 trillion five-year 2014 farm bill this afternoon. If the Senate passes the farm legislation (it requires 60 votes for passage), then President Obama is expected to sign it into law. Congress has been in partisan gridlock for the past two years to pass an agreement on the food and farm legislation.

Last week, the House approved the bill, in a 251 to 166 vote. The bill ends direct payments for farmers, while expanding crop insurance. Is also offers livestock disaster assistance and a new program for dairy farmers. The bill also cuts about $8 billion from the Supplemental Nutrition Assistance Program (SNAP), also known as food stamps.

Most of the U.S. farm groups support the farm bill, with the exception of livestock groups who strongly oppose the wording of the country-of-origin meat labeling rule. The bill is expected to pass the Senate with strong bipartisan support.
 


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.