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Farm Bill Deal Unlikely Ahead of Sunday Deadline

Sept. 27, 2018 — House and Senate agriculture committee leaders said they continue to negotiate the 2018 farm bill, indicating a final deal is unlikely before the current farm bill expires on Sunday.

Following a closed-door meeting, the committee heads—and principal negotiators—said they have met more than a dozen times and “progress toward an agreement is taking shape,” though many differences reportedly remain unresolved.

“We are going to get this right,” said Sens. Pat Roberts (R-Kan.) and Debbie Stabenow (D-Mich.) and Reps. K. Michael Conaway (R-Texas) and Collin Peterson (D-Minn.).

If lawmakers can’t reach a deal in time, Congress would likely pass a temporary extension of the current five-year bill. The House is expected to adjourn at the end of the week until after the Nov. 6 elections.

The full farm bill conference committee held a public meeting earlier this month. ICBA and community bankers have called on lawmakers to maintain the higher loan limits for USDA guaranteed farm loans incorporated in the House and Senate farm bills.

Read the Joint Statement

 

 

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