"I knew how important it was for rural America to have this bill," she said to a crowd of about 40.
Highlights of the bill include a three-quarter of a cent increase on the federal loan rate for cane sugar and a boost to the ethanol program. Klobuchar discussed the extension for cellulosic ethanol, produced from agricultural residues, wood chips and switchgrass.
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The bill also set aside $3.8 billion for a permanent disaster relief fund, and Klobuchar praised the efforts of Breckenridge citizens and farmers who helped push the farm bill through.
"I thoroughly believe that if we hadn't gotten this done this month, we would have been in big trouble," she said, adding that future troubles include health care reform and energy issues.
Reforms in the bill include a $500,000 limit on non-farm income and a $750,000 limit on farm income. As the farm bill had received some heat for money headed to "100 people living in the Beverly Hills 90210 area code," Klobuchar said she wanted to work in reforms on behalf of the farmer's standpoint.
"I think people don't think to understand that only about a quarter of that bill is about commodity," she said. "That it's also about food stamps, nutrition and other things."
Klobuchar also said they closed the "Enron loophole," which stops unregulated electronic trading.
"I just don't think that we should be regulating hamburger more than we do oil and trading," she said.
Breckenridge Mayor Cliff Barth asked what she intends to do about the price of heating fuel, which has strapped people locally. Klobuchar said the costs of phone service, gasoline and health care premiums have gone up in the past eight years while the average wage has decreased. The difference amounts to an estimated $5,000 per year.
"I don't think we can do anything drastic about this, but we're spending $12 billion dollars a month in Iraq," she said. "We have to do something about closing these loopholes."
Fuel prices were also a topic of discussion, and Klobuchar said she had heard CEOs of Delta and Northwest airlines remark that speculation has driven up the cost.
"CEOs from Shell and some of the other oil companies said oil should be trading at $50 to $65 a barrel instead of $120 a barrel," she said.
Klobuchar emphasized increased trade with Canada, long-term investment in biofuels and other forms of energy to keep a higher percentage of gasoline locally produced. A temporary halt to strategic petroleum reserves is in place, championed by Sen. Byron Dorgan, D-ND, and saves an estimated 2 to 5 cents per gallon. Gas mileage standards also increased to 10 miles per gallon. Klobuchar, who periodically cracked up the audience with anecdotes, said this hadn't happened since she was in high school.
"I made the mistake of saying this at a bipartisan press conference," she said to light laughter. "And I was [later] followed by two senior senators, who told me they worked on the bill."
As far as her prediction for a vice president nominee, Klobuchar stated the candidate should have foreign policy experience.
"But I think the key is whether the candidate finds someone they like to work with and that they trust," she said.


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