A new study warns that exports will fall if Congress allows the farm bill to expire as scheduled on Tuesday.
The study by the U.S. Congress Joint Economic Committee said that the value of U.S. farm exports has doubled in the last decade and that growth in developing countries will fuel more demand.
Minnesota Democratic Sen. Klobuchar, the committee's vice chair, said that House and Senate conferees should meet quickly to finalize a new farm bill.
“Agricultural exports have been one of the biggest bright spots in our economy these last few years, and our farmers ... deserve the certainty of a long-term farm bill so they can continue to succeed," she said.
The U.S. ranks as the world’s leading exporter of farm products, with exports reaching a record high of $141.3 billion last year.
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