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In reality, we maybe shouldn’t be calling this a farm ( 1 ) 2 bill. I think we did name the bill, the Food, Conservation and Energy Act of 2008. We have a system of inde- pendent farmers and ranchers working the land and without some certainty that farm programs provide, these farmers would have a much more difficult time getting financing, putting their crops in the ground and staying in business.
While traditional farm programs are a relatively small portion of the proportion of the funding, these programs are seen as essential by a lot of folks in U. There are very few farmers today, small, medium or large, who have enough up-front capital to put a crop in the ground without financing from a bank or some other financial institution, and without farm programs, many farm- ers wouldn’t have the backing or the resources to be able to get that financing from those institutions.
I think most of us on this Committee are not interested in running up the deficit.Over the last year and a half, the Secretary, Members of this Com- mittee, and I have worked closely to see that for the most part the 2008 Farm Bill has been implemented in the way Congress in- 3 tended.There have been some challenges along the way but I ap- preciate the good communications and the relationship that we de- veloped in the process. Secretary, that you are not out having 50 town meetings around America with your own farm bill. We understand that you are going to have ideas and we welcome your ideas and input as we move ahead with this. Peterson, a Representative in Congress from Minnesota Good morning and welcome to today’s hearing of the House Agriculture Com- mittee.Just as agriculture has evolved over the years, I believe that our farm programs must also evolve to ensure that the safety net or risk management tools, whatever you want to call them, for farm- ers and ranchers are there.Considering today’s economic realities, we need to decide if the existing farm programs are providing ade- quate protection and to take a look at kind of where we are.
In fact, we are probably more interested in trying to get the deficit under control.