House Panel Votes To Extend Current Farm Commodity Title.

The article reports that a U.S. House Agriculture subcommittee has voted to extend the 2002 farm bill's commodity title in the new farm bill rather than make the changes in target prices and loan rates for crops as proposed by Agriculture Chairman Collin Peterson. Besides rejecting changes in target prices and loan rates, the Agriculture General Commodities and Risk Management Subcommittee has rejected proposals to impose tougher payment limitations on farm subsidies.