Wednesday, November 28, 2007
No Farm Bill
Farmgate has a post discussing a Congressional Research Service analysis of what happens without a farm bill. I'm confused. As I've posted before, in the old days the administration used to threaten the imposition of wheat marketing quotas in the summer of the year the farm legislation expired. (I well remember having to come up with estimates of costs in the summer of 1985 if acreage allotments were implemented for wheat and we had to hold a referendum on marketing quotas.) I had thought that in the 1996 farm bill they'd tinkered with the wording of the law to remove that leverage. Apparently not, from the analysis.