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Farm bill stalls, input costs climbing--agribusiness weary?

Publication: Mississippi Business Journal
Publication Date: 28-APR-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Farm bill stalls, input costs climbing--agribusiness weary?(Focus)

Article Excerpt
Washington, D.C., is a long way from the Mississippi Delta, but what happens--or in this case what doesn't happen--has far ranging impacts for the biggest sector of the Mississippi economy--agriculture.

The U.S. House of Representatives approved a new farm bill this past summer, and the U.S. Senate approved its version of the bill in December. But Congress hasn't agreed yet on a compromise between the House and the Senate versions of the bill, and President George W. Bush has threatened to veto the bill because it contains provisions raising taxes on multinational corporations with U.S. subsidiaries to help pay for approximately $4 billion in food stamp and other nutrition programs.

The farm bills are considered a "safety net" for agriculture guaranteeing minimum...

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