(CNN) – Following increased pressure to pass farm legislation by the end of the year, Democratic Sen. Debbie Stabenow said Saturday that the House and Senate have developed a short-term farm bill extension to prevent dairy prices from soaring in the new year.

The bill “also prevents eventual damage to our entire agriculture economy,” Stabenow, who chairs the Senate Agriculture Committee, said in a statement.

Rep. Frank Lucas, Stabenow’s Republican counterpart in the House, said the extension would last one year, but GOP leadership aides tell CNN there has been no decision on whether to bring the stopgap measure for a vote by January 1.


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