Lawmakers vote to extend the Farm Bill by a year
The Federal Government could shut down this Friday, and just days before the deadline, the top agriculture lawmakers agreed on a Farm Bill extension deal.
The one-year extension makes sure commodity programs can operate normally in 2024, which includes ag risk coverage, price loss coverage, and the Dairy Margin Coverage. There is also new money for expired programs, but this all hinges on whether Congress can pass a stop-gap spending bill.
Ag leaders Stabenow, Boozman, Thompson, and Scott released a joint statement saying, “As negotiations on funding the government progress, we were able to come together to avoid a lapse in funding for critical agricultural programs and provide certainty to producers. This extension is in no way a substitute for passing a five-year Farm Bill, and we remain committed to working together to get it done next year.”