Farm Bill Extension Looms With Fiscal Cliff

No word yet on a vote on a possible farm bill extension, but there has been some progress in Washington.

The nation hasn't had a farm bill since October, and top leaders in both parties on the House and Senate Agriculture committees have agreed to a one-year extension of the 2008 farm bill.

"If we do get that passed hopefully we'll get to keep our doors open for the meat export federation and the grain council. We'll have certainty for farmers so they understand what the programs are for next year," said Chairman of the Nebraska Corn Board Tim Scheer.

That certainty will come with the farm bill passing. If there is no farm bill, local farmers say it'll cause erratic pricing in years to come.

"The farm bill to a point maintains fairly steady prices. And the insurance part is the most important part of the farm program," said Farmer Wayne Stoltenberg.

That's because the government subsidizes part of the insurance making it affordable for producers to buy it

"Without it I don't think many producers could stay in business for the long term."

Many farmers and ranchers say instead of an extension congress needs to pass a final resolution - otherwise some farms could suffer.

"There are conservation programs that are actually dollars in the pockets of farmers that actually help them do some of the environmental conservation programs done on the local farm," said Scheer.


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