Tuesday, May 17, 2011

'U.S. DEBT CASTS A SHADOW ON FARM BILL PROSPECTS'

(Dairy Herd Network) -- DairyHerd.com reports, "Expectations for the next Farm Bill will ride on one major issue: The national debt, which now stands at $14.38 trillion." The story note that U.S. Rep. Jeff Fortenberry (R-Neb.) told those attending the National Dairy Producers Conference in Omaha on Monday: "There is a serious need — almost to the point of a grave need — for getting the fiscal house in order. We simply have to tighten our belts and share in the sacrifice." The article notes that agricultural journalist, Jerry Hagstrom said, "it would be best for agriculture if a new Farm Bill comes up for a vote in 2012 rather than having it delayed into 2013", since "farmers are more likely to get a better bill in an election year."