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The Food, Conservation, and Energy Act of 2008 (Pub. L. 110–246 (text), H.R. 6124, 122 Stat. 1651, enacted June 18, 2008, also known as the 2008 U.S. Farm Bill) was a $288 billion, five-year agricultural policy bill that was passed into law by the United States Congress on June 18, 2008. The bill was a continuation of the 2002 Farm Bill.
2008 Farm Bill logo. In the United States, the farm bill is a comprehensive omnibus bill that is the primary agricultural and food policy instrument of the federal government. [1] Congress typically passes a new farm bill every five to six years. [2] [3]
The farm bill also established a Milk Income Loss Contract (MILC) program that makes direct payments to participating dairy farmers whenever the minimum monthly market price for farm milk used for fluid consumption in Boston falls below $16.94 per hundredweight (cwt.). The MILC program has been reauthorized until September 30, 2012.
The Farm Bill covers many programs that impact farmers, rural communities, and consumers across the nation. As the Congressional Research Service (CRS) explains, The Farm Bill is typically renewed ...
In total, the 2018 Farm Bill cost $1.4 trillion over the past six years as of February 2024. What is the progress on the new Farm Bill? A view of the U.S. Capitol Building.
The US Farm Bill brought in by the Bush Administration in 2002 increased agricultural subsidies by 80% and cost the US taxpayer US$190 billion. [73] In 2003, the EU agreed to extend the Common Agricultural Policy until 2013. Former UNDP Administrator Malloch Brown renewed calls for reform of the farm subsidies such as the CAP. [74]
They also include $10 billion to help farmers who've been struggling with high interest rates, declining crop prices and rising production costs that are outpacing farm revenues.
The first farm bill, known as the Agriculture Adjustment Act (AAA), was passed by Congress in 1933 as a part of Franklin D. Roosevelt's New Deal. [8] The Food, Conservation, and Energy Act of 2008 is the most recent farm bill, prior to this one.