Farm Futures
   Search Site:  Search Site Sunday, May 19, 2013 | Bookmark This Site   
Skip Navigation Links
Home
Markets
News
Weather
Farm Futures NOW!
Magazine Online
RSS News
Mobile
Subscribe
Reprints
Register
Login
About Us
Advertise
 
  • Post to Your Wall.
 

Senate Sweetens Farm Bill

In farm bill action Wednesday, the sugar program is saved, a look at proposed spending of the new bill and a concern over means testing.
Compiled by staff 
Published: Jun 14, 2012

The Senate is hard at work on the new farm bill, and one key amendment has already been voted down. The amendment would have killed the sugar program which includes tariffs and other controls - not funded by tax payers - to manage supply and price. Long a target of the candy and soft drink lobby, this measure survives by a 50 to 46 vote.

In a statement after the vote, Sen. Mike Crapo, R-Idaho, issued a statement noting that the program brings in more than $1 billion in revenue to his state alone. In his floor statement, ahead of the vote, Crapo says that consumers in the rest of the world pay 14% more for sugar on average. Crapo, who is also co-chair of the Senate Sweetener Caucus, notes that claims of sugar shortages do to the program fly "in the face of reality. U.S. farmers and producers have proven themselves time and again to be the most efficient in the world.

SWEET RESULT: A move to end the sugar program in the Senate version of the 2012 Farm Bill gets the boot as Senators plow through a pile of amendments.

SWEET RESULT: A move to end the sugar program in the Senate version of the 2012 Farm Bill gets the boot as Senators plow through a pile of amendments.
While regional differences in the Senate bill need to be worked out, there's also a concern about more than 220 amendments filed with many not germane to the farm bill itself. Jeff Scates, president, Illinois Corn Growers Asociation, issued this statement regarding the Senate measure: "The Illinois Corn Growers Association has been and continues to be active in the 2012 Farm Bill debate and has led efforts to include an improved revenue-based safety net and preserve crop insurance as a farmer-favored form of risk management. As Senate Majority Leader Harry Reid (D-NV) and Minority Leader Mitch McConnell (R-KY) negotiate which amendments will be offered to the Farm Bill, S. 3240, we believe that only germane amendments should be considered on the Senate floor.  Non-germane amendments could delay or derail passage of the bill."

Scates says his organization opposes any amendments that reduce risk management opportunities through crop insurance for corn farmers. He adds that "we need the Farm Bill now."



Permalink: Click here

Tagged: farm bill, the farm bill, crop insurance, new farm bill, 2012 Farm Bill

Comments
Read comments from others and share your own thoughts.
Please provide the answer to the following question:

 = 
 
Search this site:   

Read More Stories
7 Things You Might Have Missed This Week
Read this storyFarm Bill, organic crop insurance expansion and a recipe for a good 'pie'
Read this story

Argentina, Brazil Join U.S. in International Corn Alliance
Read this storyCorn groups form MAIZALL Alliance to share common interest in corn marketing and production
Read this story

Stabenow Outlines Plan Forward For Senate Farm Bill
Read this storySenate Ag Committee Chairwoman recaps Farm Bill provisions, indicates timeline
Read this story

   
Morning Market Review by Bryce Knorr
Afternoon Recap by Paul Burgener
Economic Nitrogen Fertilizer for Corn
Weekly Corn Review
Weekly Soybean Review
Weekly Wheat Review
Traders Might Find Cattle on Feed Report Bearish
7 Things You Might Have Missed This Week
Soybean Futures Shoot Higher On Tight Old Crop Supply
Super Farm Planning Tool
Top 50 Tags
2008 farm bill 4-H American Farm Bureau Federation American Soybean Association animal health biofuel biofuels BSE checkoff Corn Belt crop insurance department of agriculture Drought dryland Environmental Protection Agency EPA extension service farm bill Farm Bureau farm programs farm progress farm progress show Farm Service Agency farm show farmprogress farmprogress.com farmprogressshow farmprogressshow.com FDA FFA Food and Drug Administration free trade agreement hay expo House Agriculture Committee husker harvest Husker Harvest Days huskerharvestdays.com livestock livestock producers National Cattlemen's Beef Association National Corn Growers Association NCGA New York Farm Show Progress show Senate Agriculture Committee soybean association the farm bill usda winter wheat www.farmprogress.com