The most immediate impact of the Farm Bill’s demise will come with the October shut down of programs that promote the sale of U.S. farm commodities overseas. In addition, Hill says the U.S. will be accused of trade violations when it comes to the cotton market and country-of-origin labeling. Source: Iowa Farm Bureau 9/30/13
This next comment really got to me.
If congress fails to fix the problem, milk prices will rise above $6 a gallon. Source: Iowa Farm Bureau 9/30/13
From what I read in various publications, food costs could skyrocket. In addition, items like food stamps and school lunch program funding are also a part of the farm bill, but it appears these items are a long way from being resolved.
Let’s hope some last minute progress is made today to put some type of legislation in place to protect our food supply.