Farm Futures reports that the Chair of the House Ag Committee, Frank Lucas, R-Okla., and ranking member Collin Peterson, D-Minn., have released the House version of the 2012 Farm Bill that they’re calling “the Farm Agricultural Reform and Risk Management Act.”

FARRM is being called a “bipartisan bill that saves taxpayers billions, reduces the nation’s deficit , and repeals outdated policies while reforming, streamlining and consolidating others.”

While the Senate version of the Farm Bill would save $23.6 billion, the new House version would save $35 billion.
Peterson was quoted as stating that Congress “needs to complete work on the 2012 Farm Bill before the current bill expires, otherwise we jeopardize one of the economic bright spots of our nation’s fragile economy.”

The House Agriculture Committee will consider the legislation during a business meeting scheduled for Wednesday, July 11.

To view the full Farm Futures article, click here.

This article posted July 5, 2012.