Early Wednesday morning, the House Agriculture Committee passed its portion of the budget reconciliation bill on a party-line vote of 29 to 25. This legislation, if signed into law as is, would extend major pieces of the Farm Bill and have significant budget implications for the state of Nebraska.
Key Provisions and Impacts
Reference Prices for Commodities
The bill included many components of last year’s House Ag Committee passed Farm Bill including a 10% to 20% increase in reference prices for all covered commodities.