FARM BILL AGREEMENT FINALIZED; BILL ON
THE WAY TO FINAL APPROVAL TUESDAY, APRIL 30,
2002 WASHINGTON – Senator Tom Harkin (D-IA),
Chairman of the Senate Committee on Agriculture,
Nutrition and Forestry, announced today that farm bill
negotiators have finalized all of the details of the
farm bill conference agreement. Harkin also expressed
hope that the bill would soon be on the floor and could
be signed by the President by the middle of May.
"This bill charts a promising new course for farm,
conservation and rural development policies. It is a
marked departure from Freedom to Farm that will protect
farm income, conserve our resources and provide a boost
for rural job growth and rural communities," said
Harkin. "Iowans will find a great deal to like in this
farm bill. It is a substantial movement toward a more
reliable and sustainable approach to farm policy, one
which protects farm families in times of low prices and
encourages them to be good stewards of the land."
Harkin priorities included in the farm bill agreement
are:
RESTORES THE FARM SAFETY NET: One of the
biggest problems with Freedom to Farm was that it
provided no assistance to farmers when prices were
low. The farm bill will contain a strong
counter-cyclical safety net which will protect farm
income when prices fall below targeted levels.
INCREASES FOCUS ON CONSERVATION: Harkin
lead the fight to make conservation programs a central
part of the new farm bill. As a result, the new farm
bill will include an 80 percent increase in
conservation funding over the current law. Included in
the conservation title is Harkin’s plan to create a
voluntary program of incentives for working
agricultural lands, the Conservation Security Program.
The farm bill will provide $2 billion for Harkin’s
initiative and it will become a groundbreaking new
approach to farm policy.
STRENGTHENS RURAL COMMUNITIES: Rural
communities have not shared in the economic prosperity
of the past decade. As a result, hundreds of small
towns lag far behind urban areas in terms of economic
development, job creation and technology. The farm
bill will provide an additional $1 billion for equity
capital programs, water and sewer projects, rural
broadband access and starting value-added enterprises.
PROMOTES FARM BASED RENEWABLE ENERGY:
Renewable energy will be a key component for America’s
future energy policy. It is also an important economic
tool for rural America. The farm bill provides more
than $400 million to promote bioenergy production,
create grant and loan programs so farmers can purchase
energy systems and will promote purchases of biobased
products by federal agencies.