AGRIBUSINESS: Farm Bill Framework To Be Completed This Week

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Legislators were back to work on Monday to work out unemployment extensions, budget deals, and the farm bill.

Farm bill principals are expected to release a framework agreement for long-term farm legislation this week.

The goal is for that framework to get out Tuesday, with a full bill possibly released for Wednesday. A conference meeting has not been officially scheduled.

House and Senate leaders indicated they expect to bring up the conference report soon. Senate Majority Leader Harry Reid says he expects the farm bill to be done by the end of the month. Iowa Senator Chuck Grassley says Congress could send the bill to the President next week.

Lawmakers have not completed a new farm bill for five years. The 2008 farm bill was extended through September 30 of 2013.