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News Analysis: Farm Bill Veto - May 22, 2008

posted on May 23, 2008 at 12:29 PM

Yeager: Senator McCain, Senator Obama, Senator Clinton – all members of the Senate which has been busy and so has the House of Representatives talking about the Farm Bill.  It was sent to the President, he vetoed it, there's been a problem.

Henderson: A little glitch, if you will.  It seems as if the bill that was sent to President Bush was 34 pages short of what actually cleared the House and Senate.  So, there's going to have to be a little maneuvering and they're going to have to pass the bill again and the President may have to veto it again and they may have to override the veto again. 

There have been veto override votes in the House and Senate as we speak by this point.  I think what's interesting about this is the Bush administration has started a drum beat about how now is not the time to increase farm subsidies at a time when gas is $4 a gallon and food prices are so high. 

People like Tom Harkin, the chairman of the Senate Ag Committee, making the counterargument that there is nothing in this bill that gives farmers who are making money farm payments.  The payments kick in when farmers are not making money is his argument. 

I think, though, that the argument the Bush administration is making and John McCain is making that farm subsidies need to be done away with is starting to resonate with the American people and I think we're sort of in an interesting moment here when we will have a real debate about farm spending.

Yeager: And we'll have a discussion here in just a couple of minutes about some of those same issues that you mentioned, the farm versus fuel and things like that.  Kay Henderson of Radio Iowa, thank you as always for stopping by. 


Tags: agriculture Iowa news