Prospects for a new Farm Bill may or may not improve after the election next week. Farm Bills have been enacted during lame duck sessions before. Both parties say they want to pass a new farm bill but they each have different versions of what that bill should contain and there is no consensus. They have settled for extending the current version but there are programs that eventually require that they be refreshed to be fully funded that need reauthorization or modification. The commodity title of the farm bill has pretty much been useless as reference prices for PLC or ARC are set too low to be relevant. If…if our ability to survive financially comes down to PLC and ARC to save us we are in a world of hurt. There had been no emergency for improving the farm income safety net until this year when net farm income for grain producers has shrunk next to nothing. This happened without triggering any significant income support from the existing farm bill. The farm income safety net is set too low to warrant being called a safety net. There will be a number of farmers who will fail and a larger number…