Rumors in DC are everywhere about the deal reached by 4 members of the House and Senate for the new Farm bill. As previously reported, bipartisan teams, 2 members of the Senate, and 2 members of the House, were tasked with making recommendations for $23 billion over ten years in budget cuts for the 2012 farm bill to the Congressional Budget deficit Supercommittee
Their recommendations will almost certainly largely ignore the growing organic and sustainable food industry, to no one’s great surprise, as each of the Congressional representatives have substantial ties to Big Ag.
Recommendations, however, are likely to significantly bolster business for the three large multi-nationals that produce the majority of food in the US. The end result may further impact small producers. Among the proposals are a recommendation to cut direct payments to farmers, and to substitute a new crop insurance program for corn, cotton and soybeans–the three major production crops in US agriculture.