News Column

House Passes Bipartisan Farm Bill

January 29, 2014

WASHINGTON , Jan. 29 -- Rep. Randy Hultgren , R- Ill. (14th CD), issued the following news release: U.S. Representative Randy Hultgren (IL-14) released the following statement after the House passed H.R. 2642, the Federal Agriculture Reform and Risk Management Act of 2014 (FARRM), with a vote of 251-166. "A safe and abundant domestic food supply is vital to our nation. Farmers, who are essential to our economy, rely on long-term assurance so they can plan ahead for uncertain times," said Hultgren. "FARRM is smart reform that actively cuts government spending and saves taxpayers money - such conservative reform of a long-standing program is overdue." H.R. 2642 is a five-year bill that comprehensively reforms and updates U.S. agriculture and food programs to save taxpayers $23 billion in federal spending. This legislation is a significant reduction to farm policy spending--eliminating direct payments and consolidating many duplicative programs--while reducing regulatory barriers to give farmers access to infrastructure needed in rural areas. "As a former member of the House Committee on Agriculture , I am proud to have worked on crafting this legislation and commend all conferees, including my colleague Rep. Rodney Davis , for their leadership in finding common ground," Hultgren added. "This legislation will be good for Illinois --saving money, reforming entitlements and advancing conservative principles. I look forward to this bill being signed into law." TNS 30TacordaCheng-140130-4619069 30TacordaCheng


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Targeted News Service


Story Tools