These are hard times for agriculture. The U.S. Department of Agriculture reported that farm and ranch income is down due to natural disasters and historically low prices and other factors.
Agriculture policy plays a crucial role in the lives of all Americans. Texas farmers must have the resources they need to prepare for future needs, and to compete in the global economy. Our farm laws provide farmers and ranchers with new opportunities to protect themselves against income losses due to low market prices or natural disasters.
The 2007 Farm Bill was an opportunity to revisit many programs included in the 2002 Farm Bill. The legislation extends and revises agricultural programs including commodities, conservation, food stamps and nutrition, rural development and agricultural research. This legislation became law after the President's veto was overridden by Congress on June 18, 2008.
Source: http://lamarsmith.house.gov/Issues/Issue/?IssueID=13973
