FARM BILL EXTENSION POSSIBLE AFTER TRADE TALKS COLLAPSE
the wake of the recent suspension of world trade talks on agriculture, industry
leaders and lawmakers say a new farm bill may not be crafted in the coming year.
extension of the current farm bill will likely include a continuation of existing
programs, but it also means a delay for introducing new program ideas for the
next farm bill, said Ray Gilmer, director of public affairs at FFVA. The
uncertainty caused by the apparent failure of the WTO agricultural negotiations
gives lawmakers a reason to keep the status quo.
American Farm Bureau Thursday (July 27) called for an extension of the 2002 farm
bill for at least one year.
extension could affect the price support mechanism for wheat, feed grains and
soybeans. It also could affect the current ban on growing fruit and vegetables
on program acres.
Doha Round of the world trade talks ended Monday amid disagreements about domestic
subsidies and market access.
ALSO IN THIS WEEK'S RAP-UP
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