In a surprise defeat for GOP leaders, the House on
Thursday rejected a massive farm bill. What
this means is that the House essentially voted to maintain the current food
stamp policy and direct payments to farmers (some who live in Manhattan and
simply own land in rural farm areas in the Midwest). It means no changes to the
dairy program -- and this means that dairy prices could spike come fall if they
don't find a fix.
They are currently operating on an emergency extension
from last year on part of the farm bill. "Farm bills" are five-year
enterprises. They don't do one every year. All this does is replace an older
farm law that dates back to the late 1940s……. No one here can remember when a sitting speaker
actually cast a vote on a bill that was defeated….To Read More…
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