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Farm programs not turning to pumpkins – yet

Farm programs not turning to pumpkins – yet
Failure to pass a 2013 Farm Bill doesn't necessarily mean federal farm programs turn into pumpkins at the end of September, according to Bob Gray, writing in the Northeast Dairy Farmers Cooperatives’ NDFC Newsletter.
One program that is affected sooner is the Milk Income Loss Contract (MILC) payment program, which defaults to lower payment rates at the end of August, and then expires completely on Sept. 30. (Current MILC payment estimates do not project a payment beyond July.)
Most all other farm commodity programs continue on to Dec. 31, at which point “permanent law” would present a real problem, since the commodity programs would revert back to the 1938 and 1949 laws, changing change payment levels for commodity programs dramatically.
There could be an extension of current law – the 2008 Farm Bill provisions that are in place right now.
While Senate Majority Leader Harry Reid (D-Nev.) is adamantly opposed to any short- or long-term farm bill extension, if the negotiations process between the House and Senate Agriculture Committees drags on, Congress may have no choice. Reverting back to “permanent law” is not an option, Gray said.