Ag Policy Blog
Chris Clayton DTN Ag Policy Editor

Tuesday 01/01/13

New Year's Tax Measure Includes Farm Bill Extension
Though lawmakers missed a self-imposed deadline, the legislation approved 89-8 by the Senate would avoid raising income taxes on 98% of the country. The bill, if approved by the House, also prevents the permanent farm law from going into effect, thus avoiding the possibility of soaring dairy prices.[Read Full Blog Post]
Posted at 8:57AM CST 01/01/13 by Chris Clayton | Post a Comment
Comments (3)
Yippie! Another 4 trillion in IOU'S.
Posted by Bonnie Dukowitz at 6:57PM CST 01/01/13
Congress needs to be prohibited from engaging in the selective agricultural investment and profit guaranteeing business. Their sorry record of targeting select farmers with highly discriminatory multimillion dollar investment/profit guaranteeing policies has destroyed countless rural communities by neutering the ability of smaller farmers to compete. To guarantee that the largest and obviously potentially most profitable business always will have a vastly superior incomes renders the smaller farmers incapable of competing in this highly competitive business. If congress is going to be involved in the safety net business all farmers are equally deserving of comparably valued safety nets.
Posted by Lon Truly at 10:27PM CST 01/01/13
I'd note Congress spends money like a drunken sailor on leave, but drunken sailors are much more frugal with their spending, and tend to get more for their spent money.
Posted by Ric Ohge at 9:32AM CST 01/04/13
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