Case IH Power Tab

Farm Futures
   Search Site:   Friday, May 25, 2012 | Bookmark This Site   
Skip Navigation Links
Home
Markets
News
Weather
Farm Futures NOW!
Magazine Online
RSS News
Land For Sale
Mobile
Subscribe
Reprints
Register
Login
About Us
Advertise
 
Share This
 

Committee Mark-up of Farm Bill Has Begun

The Senate Agriculture Committee began the long delayed process of moving the Senate Farm Bill toward the floor.
Jason Vance 
Published: Oct 25, 2007

The farm bill that the Senate Agriculture Committee began marking-up Wednesday looks a lot like the last Farm Bill with a few changes.

"The commodities title of the proposal continues basic features of the 2002 Farm Bill, which I believe have worked well," said committee chairman Tom Harkin, D-Iowa. "It gives producers a new option beginning in the 2010 crop year to choose to participate in a state level revenue protection system."

Harkin had hoped to complete committee work on the farm bill Wednesday, but the revenue assurance option met resistance from some committee members.

"These policies will increase market distorting subsidies," said Senator Richard Lugar, R-Ind. "Setting up retaliation against all our farm exports because it perpetuates a cotton program that violates world trading rules."

However; several issues were approved Wednesday including the proposed ban of packer ownership of livestock. Senator Charles Grassley, R-Iowa, has long been a proponent of the ban and has made it one of his top priorities. During Wednesday's mark-up he spoke about the ban.

"The best reason why a ban on packer ownership of livestock is needed is the packer CEO that told a group of Kansas farmers a few years ago in answer to the question why they own livestock, 'we own livestock because when prices are high we kill our own, when prices are low we buy from the farmer,'" said Grassley. "Just think not only how anti-competitive that is, but how demoralizing that is to family farmers."

The Western Organization of Resource Councils spoke out in favor of the measure, but the National Cattlemen's Beef Association did not share those views, and wants to keep the ban out of final farm bill legislation. The packer ban was included in the Senate version of the 2002 Farm Bill but was stripped out in conference with the House. The House-passed version does not include a ban on packer ownership, but leadership of the House is different than it was five years ago.

The Senate Agriculture Committee will continue work on the bill Thursday.



Permalink: Click here

Tagged: farm, farm bill, cotton, National Cattlemen's Beef Association, the farmer

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

 = 
 
Search this site:   

Read More Stories
Weekend Forecast Changes Pivotal for Grain Futures
Read this storyEurope remains a concern, but the big driver on Tuesday will likely be the state of next week’s anticipated Midwest rains.
Read this story

Farm Markets Rise Ahead of Holiday
Read this storyOvernight boost based on positive comments from Europe aimed at pressuring Germany.
Read this story

CME Group Alters Hours…Again
Read this storyIn a reactionary move as it settles into new trading approach, open outcry pit hours will change on key USDA report days.
Read this story

 
Morning Call by Bryce Knorr
Farm Markets Rise Ahead of Holiday
Livestock Call By John Otte
Afternoon Recap by Arlan Suderman
Satellite Imagery Shows the Good and the Bad
CME Group Alters Hours…Again
The Buzz: Grain Market Chaos Continues
Farm Bill Heads for Senate Floor
Weekend Forecast Changes Pivotal for Grain Futures
Settlement Offered in Atrazine Herbicide Case
Top 50 Tags
4-H afternoon recap American Farm Bureau Federation American Soybean Association animal health arlan suderman biodiesel biofuels bryce knorr BSE Bushel checkoff cotton Drought Environmental Protection Agency EPA ethanol Extension extension service farm farm bill Farm Bureau farm futures farm futures magazine farm futures market farm progress Farm Service Agency farmfutures farmfutures.com farming farmprogress.com fertilizer FFA free trade agreement Harvest insurance labor legal National Cattlemen's Beef Association National Corn Growers Association NCGA soybean soybean association soybeans SURE usda wheat winter wheat www.farmfutures www.farmfutures.com