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CNN Live Event/Special

Bush Signs Farm Bill

Aired May 13, 2002 - 07:45   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
PAULA ZAHN, CNN ANCHOR: We are going to join the president as he gets ready to talk about the signing of the Farm Bill. He joins us from the Eisenhower Executive Office Building in Washington -- let's listen.

GEORGE W. BUSH, PRESIDENT OF THE UNITED STATES: Good morning and welcome to Washington's grand old building, the Eisenhower Executive Office Building, or as we now call it, the Ike.

Today's event is being broadcast by Farm Radio to farmers and ranchers all across our country. Our hardworking farmers and ranchers, whether they be from Texas or Maine or Mississippi or California, are up early and are working hard. And this morning, I want to talk about the tremendous contributions that they make, that our farm and ranch families make to America, the support they deserve and why I am pleased to sign the Farm Security and Rural Investment Act of 2002.

I want to thank the members of Congress who are here. Senator Harkin, Congressman Combest, the leaders in both the House and the Senate, I appreciate you all coming. And when I sign this bill, I'd like for you all to come up here and watch me sign it.

I appreciate Secretary Ann Veneman who is here. I want to thank her for her hard work, and her staff for their hard work as well. And I want to thank the members of the farm and agricultural groups who represent the people who work the land. I want to thank you all for your efforts and for your concern.

American farm and ranch families embody some of the best values of our nation, hard work and risk taking, love of the land and love of our country. Farming is the first industry of America, the industry that feeds us, the industry that clothes us and the industry that increasingly provides more of our energy. The success of America's farmers and ranchers is essential to the success of the American economy.

I was honored to be the governor of the second biggest farm state in the union. I understand how hard farmers have to work to make a living. I know they face tough challenges.

I recently spent some time with some of my neighbors at the coffee shop in Crawford, Texas. I know how hard many struggle. Their livelihood depends on things they cannot control, the weather, crop disease, uncertain pricing. They need a farm bill that provides support and help when times are tough, and that is why I am signing this bill today.

This bill is generous and will provide a safety net for farmers. And it will do so without encouraging overproduction and depressing prices. It would allow farmers and ranchers to plant and operate based on market realities, not government dictates.

In the past, loan rates and market price farmers and ranchers received for some of their commodities were set too high. This practice made the problem worse by encouraging surplus production, thereby forcing prices lower.

This bill better balances loan rates and better matches them to market prices. It reduces government interference in the market, and in farmers' and ranchers' planting decisions.

This farm bill supports our commitment to open trade, and complies with our obligations to the World Trade Organization. Americans cannot eat all that America's farmers and ranchers produce, and therefore it makes sense to sell more food abroad.

Today, 25 percent of U.S. farm income is generated by exports, which means that access to foreign markets is crucial to the livelihood of our farmers and ranchers. Let me put it as plainly as I can. We want to be selling our beef and our corn and our beans to people around the world who need to eat.

My administration is working hard to open up markets. I told the people, I said if you give me a chance to be the president, we're not going to treat our agricultural industry as a secondary citizen when it comes to opening up markets. And I mean that. I understand how important that farm economy is to the future of our country.

To help this new law helps keep our international trade commitments, and that's important for America to understand. And because I believe the best way to help our farmers and ranchers is trade, I need trade promotion authority, particularly from the Senate. The House has passed it. I need it from the Senate, soon.

(LAUGHTER)

(APPLAUSE)

This bill offers incentives for good conservation practices on working lands. For farmers and ranchers, for people who make a living on the land, every day is earth day. There are no better stewards of the land than people who rely on the productivity of the land.

And we can work with our farmers and ranchers to help improve the environment, to help them live up to the newer and higher environmental standards, this bill expands the ECIP program, which provides financial assistance to our farmers and ranchers to encourage sound conservation.

And the bill will greatly enhance the abilities of our farmers and ranchers to protect wetlands, water quality and wildlife habitat, and that's important.

This bill breaks a bad fiscal habit. In the past, Congress would pass a multi-year farm bill, and then every year after continue to pass supplemental bills. These unpredictable supplemental payments made it difficult for Congress to live within its budget. It also created uncertainty for farmers and ranchers and their creditors.

This bill is generous enough -- the bill I am going to sign is generous enough to eliminate the need for supplemental support later this year and in the future, and therefore adds the kind of reliability that farmers and ranchers need.

This bill is also a compassionate bill. This law means that legal immigrants can now receive help and food stamps after being here for five years. It means that you can have an elderly farm worker, somebody here legally in America, who has worked hard to make a living, and then falls on hard times, that person can receive help from a compassionate government.

It means that you can have a head of a family who has been working hard, been here for five years and a part of our economy, been legally working, and that person falls on hard times, our government should help him with food stamps, and this bill allows that to happen.

It's not a perfect bill. I know that. But you know, no bill ever is. There is no such thing as a perfect bill. Otherwise, I would get to write every one of them.

(LAUGHTER)

You know, for example, I thought it was important to have what they call farm savings accounts to help farmers and ranchers manage the many risks they face. I thought that should have been an important part of the bill. It didn't happen. I am going to continue to work for it, work with the members here on it.

I also believe strongly there is more that we should do for our farm community. You know, one of the best things we have done for ranchers and farmers is to eliminate the death tax. It's really an important part of making sure that farms and ranches stay in our families. The death tax needs to be repealed. The death tax needs to be made permanent. That happened in the House. I hope it happens in the Senate soon. It's a good signal that we care deeply about those who live on the land to make a living.

The farm bill is important legislation, and it meets important needs. The bill will strengthen the farm economy, and that's important. It will strengthen the farm economy over the long term. It will promote farmer independence and preserve the farm way of life for generations. It helps America's farmers, and therefore it helps America.

It is now my honor to sign the bill, and for any of the members who dare have their picture taken with me, I welcome...

UNIDENTIFIED MALE: Or vice versa. BUSH: Yes, or vice versa.

(LAUGHTER)

That wasn't -- for those listening on radio, that just wasn't some quack yelling out. That was a member of the United States Senate. Please come for the bill signing -- welcome.

(APPLAUSE)

ZAHN: And we will watch the president as he signs this 10-year, $190 billion bill.

Basically what this bill would do is increase spending by nearly 80 percent over the cost of existing programs, and some Senate Republicans aren't too happy about this. They say at a time when a projected deficit of 100 billion or more is being talked about, that this is not the fiscal kind of restraint the president himself has urged.

Once again, President Bush is signing a farm bill that expands subsidies to growers and to real voters. Some are suggesting that this is basically a very good political move as a run-up to the 2004 elections in an attempt to win back the Senate for Republicans.

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