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Farm bill heads to Obama following Senate approval

  • The Senate has voted 68-32 to approve a five-year farm bill that includes spending of $956.4B over 10 years and savings of $23B.
  • The measures cut food stamps by $8.6B over the next decade and ends a $5B annual crop-subsidy program, with insurance becoming the main source of farm aid. The legislation also ensures that the U.S. won't revert to a 1949 law that could double milk prices.
  • With the House having authorized the bill, it is due to go to President Obama for his signature.
Comments (1)
  • La Rue
    , contributor
    Comments (723) | Send Message
     
    Anyone seen Jon Corzine lately ? I know some farmers that would like to talk to him : )
    5 Feb, 08:26 AM Reply Like
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