Senate Finance Committee Chairman Max Baucus, D-Mont., has proposed a series of measures intended to provide tax relief and disaster assistance to farmers and ranchers as part of a revamped farm bill.

The proposal claims to free up $8 billion to $10 billion for a farm bill that already is estimated to cost $280 billion over the next five years. The current farm bill is set to expire on Sept. 30, and politicians from agricultural areas are keen to renew the bill, but are seeking ways to pay for it.

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