With legislation to avoid the fiscal cliff waiting for a signature from President Obama, Congress has decided to grant a 9-month extension to some farm programs within the 2008 farm bill. So what’s that mean?
Dale Moore is the Public Policy Deputy Director with the American Farm Bureau Federation. He told Northern Ag Network on Wednesday that the programs that will be extended are those that were in effect when the ’08 farm bill expired on September 30, 2012.
This means that the 1949 farm law will not kick in and farmers will know that their Title 1 benefits will carry forward for the next 9 months.
While those aspects of the 2008 bill will carry through, many programs expired before September 30 and are not included in this extension.
So when are we going to get the new farm bill done?
Moore says that parliamentary procedure alone is going to require going back to the agriculture committees in both the House and Senate.
One upside for agriculture in the fiscal cliff bill is that, while not eliminated, the estate tax is a bit less overwhelming.
For more details on this tax legislation, please read “Congress Passes Fiscal Cliff Agreement.”
© Northern Ag Network 2013