Analysts Say Senate Democrat Holds Key to New Bill
AgWeb’s Jim Wiesemeyer reported that “according to Washington-based sources, Senate Ag Chairwoman Debbie Stabenow (D-Mich.) holds the key as to whether a farm bill can be completed this calendar year.”
“The unknown is whether Stabenow can work out a deal with the other farm bill players–Senate Ag ranking member John Boozman, House Ag Chair G.T. Thompson (R-Pa.) and House Ag ranking member David Scott (D-Ga.). Some say that could be at least possible after elections,” Wiesemeyer reported. “Results of the Nov. 5 elections, whenever they come, will likely help determine the odds of a farm bill yet this year. Some say Stabenow would like another farm bill completion for her legacy items as she is not running for re-election. Others say she already has billions of dollars in additional conservation funding via the Inflation Reduction Act (IRA/Climate Act) and adequate food and nutrition funding without a new farm bill, especially relative to the Thrifty Food Plan.”
Why New Bill Has Remained Stalled
Abbott reported that “progress on the farm bill has been stalemated for months by disagreements over crop subsidy spending, SNAP funding, and climate mitigation. House and Senate Republicans want a 15% increase in so-called reference prices, which would make it easier to trigger subsidy payments; a $29 billion cut in SNAP; and allowing climate funds to be spent for conservation practices that do not sequester carbon or reduce greenhouse gases. Democrats have ruled out SNAP cuts and want to keep the climate ‘guardrails’ in place. Senate Agriculture Committee chairwoman Debbie Stabenow has suggested an increase of at least 5% in reference prices.”
“The simplest resolution would be for Republicans to drop their demand for SNAP cuts, for Democrats to agree to higher reference prices, and for both sides to ‘reach an accommodation on climate guardrails where everyone can claim victory,’ said a veteran farm lobbyist,” according to Abbott. “However, a farm bill compromise was not certain, he said, since election results might make one side reluctant to make a deal if it expected more leverage in the new session of Congress. And if there was a deal, disappointed lawmakers might oppose it unless it included their pet provisions.”
Source : illinois.edu