Case IH Power Tab

Farm Futures
   Search Site:   Saturday, May 26, 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
 

Senate Makes Funding Proposal

Administration says Senate suggestion unacceptable.
Compiled by staff 
Published: Feb 18, 2008

The Senate on Friday proposed a funding level for the Farm Bill that most estimate to be about $12.3 billion above baseline. Agriculture Secretary Ed Schafer and Deputy Secretary Chuck Conner released a statement conveying their disappointment with the offer.

"The Senate's most recent farm bill proposal recommends increases in taxes and significantly grows the size and scope of government while failing to implement much needed reform in our current farm bill programs," the statement reads. "The President has said time and time again that he will not support a bill that raises taxes and uses taxpayer dollars to increase the size of government, and that is exactly what this proposal does."

However Senate Budget Committee Chairman Kent Conrad, D-N.D., says he had found about $8 billion in revenue raisers that aren't tax raises.

"The $8 billion we found by looking through the President's own budget submissions on revenue items that he proposed," Conrad says. "He does not consider them tax increases but the Administration has not agreed to use those revenue sources for the purpose of writing a farm bill."

Although the Senate proposal is more than twice the $6 billion that the White House had agreed to, House Ag Ranking Member Bob Gootlatte, R-Va., has said he could support a number higher than originally agreed upon. Reports indicate that the House may counter with an offer of $9.5 billion. If the bill can retain support of House Republicans, agriculture leadership is prepared to move forward with bill.



Permalink: Click here

Tagged: farm, 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
USDA Seeks Comment on Report Timing
Read this storyWith new market hours,USDA is looking into the right time to release information to the market.
Read this story

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

 
USDA Seeks Comment on Report Timing
Afternoon Recap by Arlan Suderman
Weekend Forecast Changes Pivotal for Grain Futures
The Buzz: Grain Market Chaos Continues
Weekly Fertilizer Review
Morning Call by Bryce Knorr
Satellite Imagery Shows the Good and the Bad
CRP Signup Results Announced
Farm Markets Rise Ahead of Holiday
Livestock Call By John Otte
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