The US Farm Bill is taking shape, with the Senate expected to begin debate on October 23. The House Bill passed in July. The Senate passed an overall funding measure on October 5, but the Agriculture Committee under committee chairman Tom Harkin has been working on specific program allocations, which include ethanol tax credits and next-generation biofuel investments. The Senate finance committee previously proposed cutting the ethanol tax credit to 46 cents per gallon.
President Bush has raised the threat of a Farm Bill veto, the first since 1956, over subsidies. Among those in hot dispute is the Brazilian ethanol tariff, which protects US ethanol producers but creates higher prices in the US and retards US ethanol demand growth.
In Washington, the Senate Agriculture Committee on Thursday approved its version of the five-year, $280 billion farm bill.
The bill earmarks $1.3 billion for biofuels over the next five years, and ...
In Washington, negotiations over the stalled Farm Bill have put existing ethanol incentives in peril, according to House Agriculture Committee chairman Collin Peterson. The chairman said that, in orde...
In South Dakota, acting Agriculture Secretary Chuck Conner said that he is recommending veto of the Farm Bill unless tax increases and budget gimmicks are removed, as well as credits for farmers makin...
The US House of Representatives voted to extend the existing Farm Bill until April 25 to give lawmakers more time to resolve differences between the House and Senate versions of the new Farm Bill, whi...
Senator Pete Domenici (R- New Mexico) proposed an amendment to the 2007 Farm Bill mandating 15 billion gallons of ethanol usage by 2015. The Senator, the ranking Republican on the Energy Committee, sa...
In Washington, Sen. Tom Harkin, D-Iowa, said that the 2007 Farm Bill would appear in two weeks. He said that it would earmark $1.3 billion for biofuels over the next five years.
The House Bill pass...
