WASHINGTON, D.C., U.S. — U.S. leaders came to an agreement on Jan. 1 on fiscal and tax policy that includes an extension of farm policy through the 2013 wheat growing season.
The extension will allow farmers to know the parameters of tax policy and the farm safety net for spring planting decisions, and allow continued operations of critical foreign market development programs, said Erik Younggren, National Association of Wheat Growers, a wheat, soybean and sugar beet farmer from Hallock, Minnesota, U.S.
“However, the extension of the 2008 farm bill is not ideal and we are concerned about unknown implications of automatic spending cuts, known as sequester, which are now postponed,” he said. “It is of the utmost urgency to our farmer-members that members of the 113th Congress reauthorize a new farm bill expeditiously. We call on policymakers to come to the table, compromise and send a five-year farm bill to the president for signature this year.”