As Congress grapples with the fiscal cliff – a new Farm Bill needs to be addressed. If no new farm bill or farm bill extension is passed – farm programs will revert to 1949 law. Wisconsin 3rd District Congressman Ron Kind says failure to pass a farm bill is a dereliction of duty by Congress:
“We have known for a long time that we’ve had to reauthorize a new five year farm bill. Its not done yet and we are running out of time this year. If something isn’t done, even on a short term basis, we will revert back to 1949 farm programs which will have devastating consequences because agriculture is a lot different today than it was then.”
However – House Ag Ranking Member Collin Peterson says he is not worried about a bill being passed before next year. With a failed plan by Speaker of the House John Boehner last week – there’s no clear plan for the Senate and President Obama. The House has already adjourned – but Senators will return to Capitol Hill on Thursday – leaving four work days before the end of the year – and the end of the 112th Congress. If the House is needed back – Boehner says he will reconvene – but the House Ag and Senate Ag-passed farm bills will die in less than a week without any action – and that brings even more problems.
Future Water Availability Will Decline
Using 16 different climate models, researchers have taken a close look at what the Southwest can expect when it comes to having a steady supply of water in the future. CBS News Correspondent Barry Bagnato says the forecast calls for dryer conditions, and declining availability:
“There already are deep concerns about water supplies throughout the south west. A study in the Journal, Nature of Climate Change, projects water availability will drop sharply between 2020 and 2040. ‘Colorado River run off will decline in that two decade period by 10%. The effects of the rising temperatures means that more of what falls down is evaporating back to the atmosphere.’ Forty million Americans currently rely on the Colorado for water.”
Marajuana Could be Big Business
A former Microsoft manager is betting the marijuana business is going to be the Next Big Thing, after Washington and Colorado legalized weed. AP correspondent Warren Levinson reports.
“Washington and Colorado are just the beginning of what is being called by former Microsoft manager Shively as the ‘dot.bong’ era. Shively plans to open the country’s first high end marijuana stores the year after next and he is betting the rest of the country will open up as well. ‘The illegal market for marijuana is over $100 billion in the US, once it is fully legalized across the country, it will be worth over $200 billion.’”