Detailed text transcripts for TV channel - FOXNEWS - 20121229:03:22:00
Now, what is going to happen is the farm bill is supposed to expire at the end of this year or just along with everything else. and there had once been hopes it would be included in some sort of grand bargain with the house and senate. the senate was working on one bill and the house on another type of bill and they never agreed so that is out of the picture. the problem here is the existing farm bill has a clause if it is not renewed if there s no new farm bill passed, then prices will revert to the subsidy structure that existed in 1949. it was double the amount of sub is sidisubsidies that ...
Source: news source