TribLIVE

| USWorld


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Deal reached on farm bill

About The Tribune-Review
The Tribune-Review can be reached via e-mail or at 412-321-6460.
Contact Us | Video | Photo Reprints

Daily Photo Galleries


By Gannett News Service

Published: Sunday, Dec. 30, 2012, 8:40 p.m.

WASHINGTON — Leaders on the Senate and House Agriculture committees announced a deal on Sunday to extend the 2008 farm bill by a year, an agreement that could avoid a surge in market prices for milk and other commodities.

The measure, which has to be approved by votes in both chambers of Congress, would give lawmakers another year to iron out a deal. The 2008 farm bill expired on Sept. 30, but a failure to have a law in place would have its biggest impact on the agricultural sector next year, beginning with milk.

Dairy subsidies under the 2008 farm bill expire on Monday, and without a bill in place, prices paid by the government to farmers would revert to 1949 levels. Economists have warned that the price consumers pay for milk could double as a result. Wheat and other commodities would be affected later in 2013.

 

 
 


Show commenting policy

Most-Read Nation

  1. Precautions lack year since fatal blast at plant
  2. Hearing to determine fate of sergeant accused of killing 2 deaf Iraqi youths
  3. Details about USS Cole suspect’s stint in CIA custody must be turned over
  4. IRS awards millions in bonuses to its people who don’t pay taxes
  5. 69% back birth control mandate
  6. Little toxicity data exists for tainted W.Va. water
  7. Foundation gives $13M to promote Obamacare
  8. Justices uphold Michigan ban on affirmative action, giving states room to maneuver
  9. Justices critical of Ohio law punishing campaign lies
  10. Moscow to get serious ‘message’ from U.S.
  11. Senator pitches gasoline tax increase
Subscribe today! Click here for our subscription offers.