Peterson sees three program options for commodity title
February 21, 2012 | 04:31 AM
Rep. Collin Peterson, D-Minn.
House Agriculture Committee ranking member Collin Peterson, D-Minn., said Monday that he believes the next farm bill will include three separate programs in the commodity title — one program for shallow losses and catastrophic losses, another for cotton and the higher target prices that rice, sorghum and peanut growers want.
"I think it's going to be three options. I mean, I don't see any other way to do this," Peterson said in an interview with the Red River Farm Network in Fosston, Minn.
"There's going to be the target price, kind of a cyclical component, there's going to be some kind of shallow loss/catastrophic loss component, and there's going to be a cotton program, the STAX program."
Peterson also signalled that the higher target prices for all commodities are likely to stay in the bill, saying, "there might be some people out here that might use the target prices."
Northern crop groups have objected to the higher target prices on the grounds that they could reduce the planting of minor crops and also interfere with market signals and patterns of crop rotation.
"We just don't have the money to do a one-size-fits-all program anymore," Peterson said, also noting that the crops face different challenges.
Peterson, who has scheduled a meeting with Minnesota and North Dakota farmers today, said he believes it will be possible for the House and Senate agriculture committees to write farm bills this year, but that final passage may depend on whether the House takes it up under an open rule or a rule limiting amendments as it has done in the past.