AGRIBUSINESS: Senate, House Plan May Farm Bill Markups

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Unofficially, May 15 is the date on which the House Agriculture Committee will markup the next farm bill.

That's according to House Ag Chair Frank Lucas, who says the committee will start with the 2012 document and some minor legislative and executive fiscal adjustments. The new bill is expected to save about $38 billion, about $3 billion more than last year. Lucas plans for the new bill to contain $20 billion in savings from the nutrition title, and most conservation title savings to come from the conservation reserve program. Direct Payments would also be eliminated from the commodity title.

On April 25, Senate Ag Committee Chair Debbie Stabenow also announced a May markup of the Senate Farm Bill, but she gave no date. Senate Majority Leader Harry Reid has indicated he intends to bring it to the Senate Floor in May as well.