"It's extremely unlikely that any action of Congress in 2013 would change those programs and conditions in mid-stream. So, crop growers should plan on the familiar programs continuing for another year.
Funding not assured for some
A number of programs are extended, but provisions for funding all of them aren't assured, according to Novakovic. That includes:
*The Conservation Reserve program
* The Nutrition Education and Employment and Training Programs associated with the Supplemental Nutrition Assistance Program. However, basic SNAP benefits are continuing.
* Certain research programs are continued, including the Organic Agriculture Research and Extension Initiative, the Specialty Crop Research Initiative, and the Beginning Farmer and Rancher Development Program.
* Certain bio-based energy and products programs are extended.
* Certain horticulture and organic ag programs are extended, including the Farmers Market Promotion Program and the National Organic Certification Cost Share Program.
* The extension explicitly doesn't extend certain other conservation, trade, rural development and disaster assistance programs.
So, now what?. "A 2013 Farm Bill could look quite different from the 2012 Farm Bill that emerged from the Senate and the House Ag Committee discussions, surmises Novakovic.
Some are destined to fall off USDA's own fiscal cliff. Keep in mind that drastic fiscal cliff spending cuts were delayed only for two months. So budgetary gamesmanship isn't over.
Flood insurance extended|
In separate legislation passed last week, farmers having flood insurance were assured of claim coverage. Congress extended the borrowing authority of the National Flood Insurance Program. That enables NFIP to pay flood claims stemming from Superstorm Sandy.