Ag Committees put together a one-year farm bill extension

Top leaders in the House and Senate Agriculture Committees have agreed to a one-year extension of the 2008 farm bill which expired in October. The law, if enacted, could head off a possible doubling of milk prices next month.

In addition to the one-year extension that has the backing of the committees, the House GOP is also considering two other extension bills that deal with a one-month extension or a smaller bill that would just extend dairy policy that expires January 1.

House Agriculture Committe Chair Frank Lucas has said he hopes the farm bill extension will be passed by Congress and signed into law by President Obama by Tuesday.

The bill was listed among measures that could be called for a vote today in the House, although action is not guaranteed.