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Farm Bill

Monday, December 31, 2012

Congress To Compromise on Farm Bill; Milk Prices Likely Not to Double

While Congress can't seem to agree on a compromise to avoid the "Fiscal Cliff," leadership of the agriculture committee announced a compromise on the farm bill Sunday.

While Congress can't seem to agree on a compromise to avoid the "Fiscal Cliff," leadership of the agriculture committee announced a compromise on the farm bill Sunday. Senate Agriculture Committee Chairman Debbie Stabenow indicated that the House could vote on the extension as early as Sunday evening, though House leaders have not yet agreed to put it on the floor. In addition to the one-year extension that has the backing of the committees, the House GOP is also considering two other extension bills — a one-month extension and an even smaller bill that would simply extend dairy policy that expires Jan. 1, reported the Associated Press on the NPR site. Dairy subsidies under the 2008 farm bill expire on Monday and without a bill in place, …

Friday, December 28, 2012

Milk Could Skyrocket to $6 to $8 a Gallon

Congress is so focused on the fiscal cliff, the farm bill has yet to be renewed.

Come Jan. 1, there is a threat that milk prices could rise to $6 to $8 a gallon if Congress does not pass a new farm bill that amends farm policy dating back to the Truman presidency, reported the New York Times. If Congress does not renew the Farm Bill by Monday, Dec. 31, the milk price formula reverts back to 1949, reported CBS Boston. On average, a gallon of milk costs $3.65, according to the dairy industry. U.S. Agriculture Secretary Tom Vilsack said without a farm bill renewal farmers will be in a hurry to sell to the government, creating a shortage in the stores. It is estimated the price of milk could go as high as $8, he told the Capital Press. If the farm bill is not renewed the government will be forced to buy milk at inflated …

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Susan Petroni

11:16 am on Monday, December 31, 2012

http://framingham.patch.com/articles/congress-to-compromise-on-farm-bill-milk-prices-likely-not-to-double   more ›

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