Agriculture

IDFA Applauds Margin Insurance Amendment Offered by Colorado Senator Michael Bennet

  2012 MAY 10 - (VerticalNews.com) -- Jerry Slominski, senior vice president for legislative and economic affairs at the International Dairy Foods Association, issued the following statement on the amendment offered by Senator Michael Bennet (D-CO) to the Senate Agriculture Committee Chairwoman Debbie Stabenow's (D-MI) mark of the 2012 Farm Bill. The amendment would strike the dairy market stabilization program that is included in the draft and based on H.R. 3062, the Dairy Security Act offered by Rep. Collin Peterson (D-MN), and replace it with a stand-alone margin insurance program for dairy producers.

  "We applaud Senator Bennet for his leadership and thank him for offering an amendment that makes sense for dairy policy. We fully support a margin insurance proposal without it being tied to a program that limits milk supply and manipulates prices. This amendment accomplishes the true compromise we have been urging for a long time.

  "We encourage dairy producers and dairy food manufacturers alike who are opposed to government interference in our businesses to back this motion and tell their senators to support the Bennet amendment. It is the right middle ground for our dairy industry and the right way to move forward with the important work of getting a Farm Bill done."

  SOURCE International Dairy Foods Association

  International Dairy Foods Association

  Web Site: http://www.idfa.org/

  Keywords: Farming.

  This article was prepared by VerticalNews Agriculture editors from staff and other reports. Copyright 2012, VerticalNews Agriculture via VerticalNews.com.