FarmPolicy

June 21, 2018

Farm Bill; Debt Talks; Ag Economy; Trade; and Regulations

Farm Bill Issues

Ron Hays reported yesterday at the Oklahoma Farm Report Online that, “There is a significant difference in how agricultural programs will be treated in the bills that continue to be developed by the House and Senate to address the debt ceiling/deficit reduction discussions that have captured the attention of the financial and political worlds. According to the Chairman of the House Ag Committee, Oklahoma Congressman Frank Lucas, the Senate proposal under development by Senate Leader Harry Reid would call for immediate ag spending cuts of several billion dollars- and the measure is very prescriptive in which programs the money will come from.

“In contrast, the House proposal that is being reworked for more savings by House Speaker John Boehner is not specific about how the cuts are to be made in agricultural programs– but rather will offer a number for the House Ag Committee to then decide how to spend those dollars by looking at which programs are most important to the farm community.”

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