The American Farm Bureau Federation has sent Congress a revamped proposal for a five-year farm bill. Congress failed to complete a farm bill last year, and the agriculture sector is operating under an extension of the 2008 farm bill through Sept. 30.
The Senate Agriculture Committee is expected to mark up a new bill this month and once again attempt to reduce the budget deficit in part by eliminating direct farm payments, which are distributed based on historical production levels. The Farm Bureau has substantially changed its vision for the farm subsidies this year, although it once again backs ending direct payments.
A copy of the proposal can be found here.