The U.S. Congress completed its work on 2007 Farm Bill this week and has sent it to the President for his signature.
With this shipment two years of hearings and discussions on the bill have been finished.
The House of Representatives passed the bill by a vote of 318 to 106, which is more than the 290 votes needed to override a Presidential veto. The Senate passed the measure by a vote of 81 to 15.
The President is expected to veto the bill, but there appears to be sufficient political support to override the gesture.
The measure will cost $289 billion over five years and includes increases of $10 billion for nutrition, $4 billion for conservation, and $1 billion for energy programs.
The bill includes Market Access Program (MAP) funding of $200 million over the next 5 years and provides $34.5 million for the Foreign Market Development (FMD) program over the same time period. Industry recipients of these promotional dollars include the U.S. Meat Export Federation, the U.S.A. Poultry and Egg Council, and the U.S. Hide, Skin and Leather Association.
Source: American Meat Institute (AMI)