Senate Agriculture Committee Chair Debbie Stabenow has released the text of her 1,300-page farm bill proposal. Stabenow’s bill would raise reference prices by five percent with a maximum payment rate of 15 percent of the effective reference price. The House bill uses an escalator to increase reference prices as much as 20 percent. Stabenow’s bill also includes disaster funding, while the House disaster bill is a separate package. Senate Ranking Member John Boozman said “an 11th hour” partisan proposal is “insulting.”
