January 21, 2020

Farm Bill Perspectives Emerge; and the Ag Economy

Farm Bill Issues

Bloomberg writer Alan Bjerga reported yesterday that, “The fiscal-cliff settlement, which extends the most-recent agriculture law until September, is frustrating farmer groups that spent 2012 pushing new programs and now must start again under a tougher spending outlook.

“Congress’s approval of a one-year extension of the farm bill that expired Sept. 30 heads off government-mandated higher milk prices. It also preserves subsidies that even farmers call wasteful and makes plans approved by the U.S. House Agriculture Committee and full Senate last year moot. Now back to square one, lobbyists and lawmakers may have an even tougher climb as cost-cutting rules the day, said analyst Mark McMinimy.”