By Tyson Redpath, the Russell Group
Today the House of Representatives voted 213-211 to approve a new farm bill, H.R. 2, the Agriculture and Nutrition Act of 2018.A motion to reconsider the farm bill that was defeated on the House floor a month ago cleared the way for a second farm bill vote. This House action now sets up a likely conference between the House and Senate Agriculture Committees, who will be tasked before the end of 2018 with reconciling considerable differences between the two versions.
The House bill includes a higher reference price factor for temperate japonica rice and a reference price escalator for all commodities under the Price Loss Coverage program. The bill also covers greater family participation for program eligibility purposes and leaves in-place important crop insurance provisions.
The Senate is expected to begin consideration of its farm bill rewrite as soon as Monday. Last week, the Senate Agriculture Committee approved the Agriculture Improvement Act of 2018 by a vote of 20-1.