Raising the Commodity Credit Corporation (CCC) borrowing authority to $68 billion from a current $30 billion each fiscal year is supported by House Ag Committee Chairman Collin Peterson, D-Minn., but he wants conditions on any such increase.
The American Farm Bureau Federation has advocated boosting CCC authority to $68 billion, a level which reflects what the level should be if it were adjusted for inflation.
Among conditions he wants, Peterson told reporters he wants any CCC spending to be signed off by the leaders of the House and Senate Ag panels.
"Going forward, it would not be like it was in the past," he said. “The CCC and the appropriators have become the farm bill; they are doing farm policy and they are not the experts on farm policy,” he said. “It should not be that way. If the farm bill is going to be kind of an afterthought, which is what it is at this point, then we might as well abolish the Ag committee.”
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