Monday, July 30, 2012

Drought bill may carry mammoth farm bill into law

A comparatively low-priced disaster bill for livestock producers hit by the worst drought since 1956 may be the ticket to passage for a $500 billion farm bill now in limbo in Congress. Republican leaders in the House of Representatives scheduled a potential vote for next week on disaster relief. Farm and environmental lobbyists said the vote could create a path to enacting the farm bill although there was no agreement among House Republicans on the scope of the legislation. Two-thirds of the continental United States was under moderate to exceptional drought with 40 percent of U.S. counties declared agricultural disaster areas. While crop insurance will aid many growers, livestock producers with drought-stunted pastures face skyrocketing feed prices. Republican leaders are sitting on a five-year House farm bill that faces so much opposition that it could be defeated if put to a vote. Some Republicans say it needs more reform and more spending cuts. Democrats oppose the bill's $16 billion in cuts in food stamps for the poor. The bill would save $33 billion over 10 years but boosts crop support prices. While a stand-alone disaster bill was possible, some farm lobbyists said disaster aid could be wrapped into a one-year extension of the 2008 farm law, which expires on September 30. In either case, it could open the door for a House-Senate compromise on farm subsidy reform and enactment of a long-term bill this year, said lobbyists...more

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