Congress Compromise on Farm Bill; Milk Prices Likely Not to Double
While Congress can't seem to agree on a compromise to avoid the "Fiscal Cliff," leadership of the agriculture committee announced a compromise on the farm bill Sunday.
While Congress had a hard time compromising on the "Fiscal Cliff," leadership of the agriculture committee had a slightly easier time with the "Milk Cliff" on Sunday. Senate Agriculture Committee Chairman Debbie Stabenow indicated that the House could vote on the extension as early as Sunday evening, though House leaders have not yet agreed to put it on the floor. In addition to the one-year extension that has the backing of the committees, the House GOP is also considering two other extension bills — a one-month extension and an even smaller bill that would simply extend dairy policy that expires Jan. 1, reported the Associated Press on the NPR site. Dairy subsidies under the 2008 farm bill expire on Dec. 31 and without a bill in place, …
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