Farm Bill
We’ve seen this accelerating financial constraint environment in farming before. And it clearly is upon us. Key question: How long will it last? While some say two to three more years, others say longer.
A coalition spanning grocer Kroger Co. to Iowa soybean growers is on the verge of victory with a deal on a five-year agriculture bill in a Congress that can’t seem to agree on much of anything.
After five calendar years of efforts, the farm bill is nearing completion.
The changes stemming from the new farm bill take effect immediately.
Some farmers may not participate if premiums are raised for the highest-income operations, as the Senate farm bill would do.
Next step: bill could come back to floor next week
Contacts indicate some of draft may be changed via a manager’s amendment.
The farm bill is a complex piece of policy covering energy, agriculture, nutrition and the environment. Private land conservation was the first to come to a standstill.