Thursday, March 01, 2007

Stock Focus: Betting The Farm

WASHINGTON - Activity on farm policy is buzzing in Washington, as the big 2002 law on American agriculture nears its September expiration and needs renewing.

In January, the Bush administration unveiled its proposal for the so-called "farm bill," and the appropriate congressional committees have also been busy. Wednesday, for example, a House Agriculture subcommittee took up the topic of organic farming in the Bush package. Gigantic pieces of legislation like this usually have implications for stock investors. Take the reauthorization of the 2005 law on highway and transit spending, which stirred up interest in publicly held heavy equipment, engineering and construction materials companies.

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