By Erik Wasson - 01/14/14 05:02 PM EST
House Agriculture Committee Ranking Member Collin Peterson (D-Minn.) said Tuesday he is open to considering a farm bill dairy compromise that Chairman Frank Lucas (R-Okla.) is working on.
A standoff over dairy between a faction led by Peterson and one led by Speaker John Boehner (R-Ohio) has held up completion of the farm bill this month. Peterson wants a new margin insurance program to have provisions meant to limit milk production and prevent price collapses, but Boehner says the provision is "Soviet style" economic management and needs to be scrapped.
Peterson said he expects to be briefed on a compromise by Lucas later Tuesday.
"I don't really have a problem if it works," he said. "If you come up with something that actually works and I'm upset, that's fine."
The ranking member said he is not interested in a compromise proposal developed by Ohio State University academic and which has been floated in recent days. The OSU proposal would allow farmers to choose between keeping the 2008 farm bill's price support payments or going to the new margin insurance program, albeit without supply management.
"The Ohio State concept will not work. It won't provide a safety net," he said.