NEWS
Senate Target Prices Adjusted
Chris Clayton DTN Ag Policy Editor
Wed May 15, 2013 04:08 PM CDT

WASHINGTON (DTN) -- While members of the Senate Agriculture Committee held an intense debate over the impact of target prices on Tuesday, an amendment that restructured the target-price program was largely overlooked.

Under the original structure of the Senate bill, target prices for all commodities with the exception of rice and peanuts stayed the same as the current counter-cyclical program. But an amendment to the bill by Sen. Charles Grassley, R-Iowa, completely restructures the proposed Senate target-price plan, known as Adverse Market Payments. The amendment was included as part of a broad group of "en bloc" amendments added to the ...

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