"The farm bill, renewed about every five years, governs federal farm and food policy. The Farm Security and Rural Investment Act of 2002 (P.L. 107-171) is the most recent omnibus farm bill, covering a wide range of programs including commodity price and income support, farm credit, agricultural conservation, research, rural development, and foreign and domestic food programs, among others. On July 27, 2007, the House passed its version of the 2007 farm bill, H.R. 2419, which changes some aspects of the current commodity support system and other farm programs. On December 14, the Senate passed its version of the 2007 farm bill, which was offered as a substitute to H.R. 2419. Conference negotiations have been delayed because of differences between committee leadership and the Administration. Consequently, Congress temporarily extended portions of the expiring 2002 farm bill until March 15, 2008, as part of the Consolidated Appropriations Act for FY2008 (P.L. 110-161). On March 12, Congress approved a second one-month extension (S. 2745) that lasts through April 18, 2008."
CRS Report for Congress, RS22131
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