The New farm Bill: Government Backs Out

摘要

777e Farm Bill's provisions mean volatile grain prices for feeders and hard times for farm-ranch operations. The new farm bill will batter the beef industry. The ink on the bill is barely dry, yet experts are already predicting the bill's provisionswill impact virtually every corner of the cattle business from combined ranch-farm operations in North Dakota to Texas feedlots. The bill hurts the cattle business in many ways. The most obvious is lost income for combined farm-ranch operations. The federal government expects the bill will save the Treasury nearly 14 billion dollar over seven years by eliminating costly price supports, which propped up farm income when crop prices plunged. That's 14 billion dollar out of the pockets of pr oducer/f armer