Elmira/Corning Regional Airport
Farm Bill Extension
WASHINGTON---(WENY) While congress is still fighting over a deal on the fiscal cliff, lawmakers in Washington, DC have managed to come up with a one-year extension on the farm bill, averting the so-called 'dairy cliff'. The agreement to extend the current farm law until next October was reached as negotiators hit a snag on averting a broader fiscal cliff combination of higher taxes and spending cuts come January 1st. Agriculture Secretary Tom Vilsack said that Americans faced the prospect of paying $7 for a gallon of milk if the current dairy program lapsed and the government returned to a 1948 formula for calculating milk price supports.