Peterson Talks Farm Bill 06 Jul 12

Peterson Talks Farm BillThe recently-unveiled US House Farm Bill has $35-billion in cuts, versus about $24-billion in the Senate version. Congressman Collin Peterson says that the House Farm Bill eliminates controversial direct payments and redirects some of the money back into the countercyclical program and other programs. He says that keeping the countercyclical program intact was his main concern. Peterson says the Farm Bill also caps Conservation Reserve Program acres at 25-million. He says it completely overhauls the dairy program as well, going to a more market-oriented margin-insurance program.