September 18, 2019

Farm Bill Issues; Competition; Climate Issues; Biofuels; Trade; and Financial Regulation

Farm Bill Issues

Bloomberg writer Alan Bjerga reported yesterday that, “Growers of corn, cotton and other crops may have to accept reduced subsidies in the next farm bill as budget-cutting becomes necessary to contain record deficits, House Agriculture Committee Chairman Collin Peterson said.

“‘We’re not going to have any new money; we’ll probably have less money,’ the Minnesota Democrat said today at a hearing in Washington of the House Agriculture subcommittee that oversees commodity programs. ‘We’re going to have to make it work,’ he said.

“The hearing was called to solicit opinion from farmers on U.S. agriculture policy as Congress begins to craft legislation to replace the current farm bill. That measure, passed in 2008, authorized $289 billion over five years for all Department of Agriculture programs, including food stamps for the poor and farm subsidies.”

( Note: To listen to Chairman Peterson’s comments from yesterday in their entirety, just click here (MP3-3:34)).