FARRM Bill Debate - KULR-8 Television, Billings, MT

FARRM Bill Debate

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The House and Senate will start to debate measures of the FARRM bill this week. During the government shutdown, parts of the FARRM bill expired.

Right now the House and Senate bills are far apart.

The current FARRM bill which includes food stamps cost around $97 billion with 80% going to that program. The Senate bill would save $1.8 billion a year, while the House bill would save $5.2 billion.

Direct payments would be phased out. Those are farm subsidies that cost about $5 billion a year.

Both the House and Senate want to increase crop insurance to even cover small revenue losses.

Both bills would continue price protection including raising target prices for some crops.

Congress wants to overhaul dairy supports to create new insurance for dairy farmers and create a program to stabilize how much milk is produced to keep prices consistent. If a FARRM bill isn't completed by the end of the year, analysts warn dairy prices could skyrocket.

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