The Farm Bill finally goes to committee tomorrow (Oct 30th).
The main difference between the two branches of Congress is the SNAP program, or
better known as Food Stamps. The House is looking to cut the funding of Food
Stamps by 4 billion a year whereas the Senate is looking to cut the funding by
400 million a year.
The highest impact on daily life if there is no new Farm
Bill or extension of the 2008 Farm Bill will be the impact on Dairy prices
which will revert back to 1930’s and 1940’s permanent farm law. The effect this
will have is that the government will pay quadruple the current prices it pays
for dairy products, thusly switching the buyer of dairy products from the
consumer to the government and therefore raising prices to the consumer as
well.
Regardless of which version of the bill that is passed or
whether or not a compromise is met. There will be significant savings to the
government in the next Farm Bill. With the current hardships the government is
facing it just makes common sense to get this piece of legislation completed.
Leaving one big question....
Does common sense still exist in Congress?
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