Politics

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Compromise Boosts Farm Bill's Chances

February 15, 2008 02:11 PM
by findingDulcinea Staff
Bipartisan efforts to include additional funding gives new hope to supporters of a bill stalled by the threat of a White House veto.

30-Second Summary

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The Wall Street Journal reports that the bill, proposed by House Agriculture Chairman Collin Peterson (D-Minn.) and Rep. Robert Goodlatte (R-Va.), offers $6 billion in farm-spending increases over the next 10 years.

This latest version of the farm bill was drafted with the help of the White House. Lawmakers hope it will reopen negotiations with the Senate and eventually produce a bill that is acceptable to both the Bush administration and Congress.

On Oct. 25, the Senate Committee on Agriculture, Nutrition & Forestry passed a $280 billion bill for agriculture and nutrition programs that included subsidies for farmers.

The White House had threatened to veto the original farm bill, passed in October 2007, because it failed to limit farm income subsidies for the wealthiest Americans.

Headline Links: The new Farm Bill

Background: Senate Committee on Agriculture, Nutrition & Forestry

Bill beneficiaries
Environmental Working Group

Opinion & Analysis: U.S. farm subsidies and world markets

Reference Material: The farm bill beneficiaries

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