The Farm Bill Tests Deadline: Will Congress be able to come together for a farm bill that serves growers?

摘要

With the U.S. Senate and House trying to balance out a 2007 Farm Bill that will escape a presidential veto, corn and soybean association leaders hope that the bill leans toward a safety net if price and production woes are waiting at the turn row. TheHouse version, a 286 billion dollar bill approved (231-191), was sealed and delivered by late July. Rep. Collin Peterson, D-MN, chairman of the House Agriculture Committee, stands by the House bill. "For every dollar of new spending, we found a way to pay for it" he says. "We (also) maintained a safety net." Meanwhile, National Corn Growers Association Chairman Ken Mc-Cauley supports the Farm Safety Net Improvement Act. It promotes a revenue counter-cyclical payment (RCCP) that would replace the current counter-cyclical payment and loan deficiency payments (LDPs).