(Lincoln Journal Star) -- JournalStar.com reports "it's unclear what the fallout will be after the House and Senate failed to agree on the choice between a one-year farm bill extension and a five-year farm bill" last month. The article notes that federal law says that "farm policy reverts to the 1949 farm bill if there's not an operative replacement," taking producers (and consumers) back to the time "more than 60 years ago when parity -- an attempt to keep the purchasing power of commodities current with costs -- was the law of the land." Brad Lubben, farm policy specialist at UNL, says "nobody thinks we're going back to 1949" -- because it is "economically inefficient or sort of irrelevant. It's politically unacceptable." Lubben thinks the fate of a new farm bill "will be known no later than when the new Congress returns to work with either President Barack Obama or President Mitt Romney in the White House."
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