As he warned, President Bush on Wednesday vetoed the farm bill, officially known as the Food, Conservation and Energy Act of 2008. Congress was expected to vote on overriding the veto Wednesday afternoon.

In his veto message to the House, Bush repeated his opposition to its cost and lack of reform in commodity program payments. "At a time when net farm income is projected to increase by more than $28 billion in one year, the American taxpayer should not be forced to subsidize that group of farmers who have adjusted gross incomes of up to $1.5 million," Bush said. The president also said the new farm bill fails to meet the administration''s goal of moving toward more market-oriented farm policies.

"I veto this bill fully aware that it is rare for a stand-alone farm bill not to receive the President''s signature, but my action today is not without precedent." Bush went on to cite then-President Eisenhower’s 1956 Farm Bill veto.

After the veto, Deputy Secretary of Agriculture Chuck Conner conceded that convincing members of Congress to sustain the veto "is an uphill climb." A two-thirds majority is needed to override the President’s veto. The veto override is expected because of the votes already cast by the House of Representatives and the Senate.

Source: Agriculture Online