Farm Bill Considerations
Reuters writer Charles Abbott reported yesterday that, “The new U.S. farm law should take into account the government’s tight finances but sweeping changes in crop supports are not needed, said the Republican leader of the House Agriculture Committee on Thursday.
“Oklahoma Rep. Frank Lucas said he would retain so-called direct payments that guarantee cotton, grain and soybean growers $5 billion a year as part of a judicious fine-tuning of the 2008 farm law, which is popular in farm country.
“‘There’s no need to throw out the system,’ said Lucas during a Reuters interview. ‘I think we take the ’08 bill and we build off of that, and within the money available to us.’”