US Farm Bill needs reauthorisation, sufficient funding – trade group

24 April 2013 05:36  [Source: ICIS news]

CHICAGO (ICIS)--The Biotechnology Industry Organization (BIO) is asking US legislators not only to reauthorise the Farm Bill but also to provide sufficient funding for the biotechnology and renewable energy programmes, a spokesman for the trade group said on Tuesday.

The Farm Bill is a federal agricultural and food policy, and the first year that it addressed the energy sector was in 2002. The last Farm Bill expired in 2012, but it was extended for a year to 2013.

“The energy title programmes had no mandatory funding, so they were deauthorised, and there’s some discretionary funds that are on life support,” BIO’s Director of Communications Paul Winters told ICIS at the Bio International Convention.

A key programme was the loan deferrer, which ensures there are credits for farmers and businesses, especially during an economic downturn, he said.

Another one was the bio preferred programme, which was involved a voluntary label that indicated how much renewable content was in a product, Winters added.

The Bio International Convention runs through Thursday.

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By: Tracy Dang
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