Farm Bill To Expire
The House farm bill is set to expire September 30, 2012 without a new one in place. Dairy farmers especially have reason for concern.
Dairy interests are most in a pickle because their Milk Income Loss Contract (MILC) expires with the current law at the end of this month. But producers are still reluctant to sign onto any extension if it jeopardizes the chances for the greater security promised in the five-year bill.
Sen. Patrick Leahy (D-Vt.) is spearheading an effort to extend MILC and enrich the payments in light of the drought impacting farmers and feed prices. And the draft House bill backfills recent program cuts and extends MILC to Dec. 1.
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