Friday, June 21, 2013

Trouble for Boehner, dairy prices? Guide to farm bill defeat

by Chad Pergram | June 20, 2013
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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