Back to square one with farm bill
And then there are those who think that the partisan paralysis that prevented the supercommittee from coming to agreement might also make it difficult to get a farm bill past both chambers of Congress. In that case both parties might want to kick the can down the road and write farm legislation after the 2013 elections—apparently because both sides think that they will come out the winner next November.
There is another messy detail. The current legislation expires on September 30, 2012 and without some continuing resolution, the farm program reverts to the 1947 legislation. We have heard that threat before and mostly what it does is goad Congress into doing something, as very few members want to face what in today’s world would be an expensive program with provisions written for another time and set of circumstances.
Our guess? There will be a lot of wrangling and arm twisting before the dust settles as each commodity and interest group angles for biggest piece of pie that they can get. It is going to be a while before the farm bill begins to take shape.