Compromise? It looks to me they took the easy way out and just extended the current regs by a year...
* Proposal will add 1 yr to expiring bill; no timing on vote
* Follows rising alarm about potential milk price doubling
* Another year of costly direct subsidies to growers (****ing 87.....)
By Jim Wolf
WASHINGTON, Dec 30 (Reuters) - Farm-state lawmakers have agreed to a one-year extension of the expiring U.S. farm bill that, if enacted, would head off a possible doubling of retail milk prices to $7.OO or more a gallon in 2013.
The compromise measure resulted from bipartisan discussions in the House of Representatives' Agriculture Committee and talks with colleagues in the U.S. Senate, Frank Lucas of Oklahoma, the House panel's chairman, said in a statement Sunday.
"It is not perfect - no compromise ever is - but it is my sincere hope that it will pass the House and Senate and be signed by the President by January 1," Lucas, a Republican, said.