Recent

% | $
Quotes you view appear here for quick access.

Deere & Company Message Board

  • bluecheese4u bluecheese4u Jul 11, 2013 7:52 PM Flag

    House Passes Republican Farm Bill Without Food Stamp Aid

    House Passes Republican Farm Bill Without Food Stamp Aid

    By Alan Bjerga & Derek Wallbank - Jul 11, 2013 2:54 PM MT
    129 Comments

    House Republicans passed a five-year U.S. farm-policy bill that retains subsidies to farmers and strips out food-stamp spending, costing it Democratic support.

    The plan was approved today 216-208, with all Democrats and 12 Republicans in opposition. The measure also would repeal underlying provisions that potentially would double milk prices when a new law isn’t passed. The measure, scaled back after the House defeated a bill that included food stamps three weeks ago, is “extremely flawed,” said Senator Debbie Stabenow, chairwoman of the Senate Agriculture Committee.

    “The bill passed by the House today is not a real farm bill and is an insult to rural America,” the Michigan Democrat, who will lead Senate negotiators to work out a final bill with House lawmakers, said in a statement after the vote.

    The legislation, which benefits crop buyers such as Archer-Daniels-Midland Co. (ADM) and insurers including Wells Fargo & Co. (WFC), has been working through Congress for almost two years. The Senate on June 10 passed S. 954, a plan that would cost $955 billion over a decade. Current law begins to expire Sept. 30.

    The Obama administration has threatened to veto the farm measure that excludes food stamp and nutrition programs.

    Action Stymied

    House action has been stymied largely by disagreements on food stamps. The legislation rejected last month, H.R. 1947, would cut spending on the Supplemental Nutrition Assistance Program, responsible for more than three-quarters of the bill’s costs, by about 2.5 percent, roughly $2 billion a year. Democrats who balked at the reductions joined Republicans objecting to the plan’s cost to scuttle the bill. Republican leaders revived the measure in scaled-back form.

    The stripped-down plan gained support from Republicans willing to deal with food stamps later. “It’s not a secret I am not

 
DE
83.34-0.82(-0.97%)Sep 23 4:00 PMEDT