Two of three hurdles met... House passes bill, Senate passes bill with a 369-47 vote and they are now sending the 2018 Farm Bill to the President's desk for signature. Stay tuned for more information from your trusted Farm Bill news source - ProAg.
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The U.S. Senate voted overwhelming Tuesday afternoon to finalize the new farm bill, the “Agriculture Improvement Act of 2018,” just a day after putting the finishing touches on the conference report.
The decision to bring the farm bill conference report to a quick vote was a surprise announcement by Senate Agriculture Committee Chairman Pat Roberts, R-Kan., and the bill was approved on an 87-13 vote.
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House Agriculture Chairman Mike Conaway, R-Texas, told reporters last night a final House vote is likely to be Thursday. A Senate vote could slip until next week, although Senate Agriculture Chairman Pat Roberts, R-Kan., said he was working to accelerate consideration of the measure.
Leaders of the Senate and House Agriculture committees expressed confidence that the final bill would pass both chambers.
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Leaders of the House and Senate Agriculture committees hope to roll out their new farm bill Tuesday with an eye to getting it passed by the House and Senate by next week.
The lead negotiators are expressing confidence that the bill will have sufficient support in both the House and Senate.
On Wednesday, the Federal Reserve Board released its November 2018 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations pertaining to the U.S. agricultural economy.