Passage of the bill has been hailed in a largely bipartisan manner as it provides some financial certainty for farmers, a key Trump constituency that has been hurt by the USA trade war with China, a key buyer of US soy beans and other farm produce.
"I am glad that we were able to pass a bill today that includes many positive provisions for our farmers", Sanders said. Pat Roberts, R-Kan., chairman of the Senate committee on Agriculture, Nutrition and Forestry. The 2018 Farm Bill takes away the threat of DEA against companies for selling a product potentially identified as a Schedule 1 Controlled substance. "We just have to do that".
President Trump has said he prefers a different version of the bill than the one approved.
"A lot of similarities between this farm bill and the one we've been operating under", Moran says.
At the time, Conaway said in Spokane that he had hoped to have the farm bill passed by September 30. "It gives us some hope" that the USA can begin to make up for the potential loss of Chinese markets. "I've been trying for three years, and it gets worse and worse and worse".
The language of the bill had not been released as of Wednesday evening. Here's what's in and what's out. President Donald Trump and House Republicans had pushed to create new work requirements for food stamps, but negotiators rejected them.
The hemp changes in the bill have been developing for awhile.
The House passed the 2018 Farm Bill in a vote of 369-47.
Liberal groups have cheered the news. "Too much of this bill is devoted to irresponsible food stamp distribution that fails to help people realize the dignity of work". It also provides funding for nutrition assistance programs for families in need across the country. Lawmakers would not be held personally responsible for discrimination claims, according to congressional aides. In 2017, almost $1.04 billion distributed among 78,022 farmers in, according to information from the Environmental Working Group and the USDA. House Republicans say this provision is aimed to encourage more to enter the agriculture sector.
Congress traditionally enacts a comprehensive farm bill every five years, setting federal agricultural and food policy for another five-year period.
The lawmakers eventually announced the final version of the proposal late Monday.
After the Senate passed the bill Tuesday night, the lower chamber followed suit on Wednesday with overwhelming support.
At the end of the day, Mayor Marlowe believes the farm bill will come with positive changes locally.
Nevertheless, there will be more money for farmers using advanced conservation practices, such as growing cover crops (reimbursed at 125 percent of the farmer's costs) and resource conserving crop rotations and advanced grazing practices (both at 150 percent of costs).
The bill also provides permanent funding to help veteran farmers and farmers who are minorities.
The bill also reauthorizes agriculture and conservation programs, funds trade programs, and expands support for struggling dairy farmers. Thune said the bill heavily emphasizes crop insurance. Analysts told CNBC that hemp could grow into a $20 billion industry by 2022.