The 2012 Farm Bill March to a Deal

In this article, Welles Orr discusses the current negotiations in both the House and Senate on the 2012 Farm Bill. For now, the plausible and likely scenario is for a one-year extension of the 2008 bill, with a commitment by committee leaders to complete a new five-year farm bill with specific deficit reduction targets in 2013. By necessity and considering the ramifications the budget savings presented in the competing House and Senate bills may have for a deal to avert the fiscal cliff, both sides are already conferencing a grand bargain for new U.S. farm policy in 2013.
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