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Shining Light on Farm & Food Policy for 20 Years.
Friday, April 19, 2024
A crop insurance product that allows farmers to insure their entire operation under one policy has seen ups and downs since it became available under the 2014 farm bill. Whole Farm Revenue Protection (WFRP) grew out of the former Adjusted Growth Revenue and AGR-lite pilot programs that date back to 2008.
The Biden administration is working on new ideas to increase crop production this year, including getting Congress to eliminate the penalty for planting after a prevent-plant insurance claim, says Agriculture Secretary Tom Vilsack.
A new report by the AGree initiative and The Data Foundation assesses several ways to protect the privacy of USDA data that’s used to assess the impact of farming practices.
Economists have raised their forecast for farm income this year. As a result, farm earnings are expected to be about the same this year as last, despite sharp increases in production costs.
President Joe Biden's $33 billion supplemental funding request for the war in Ukraine includes $500 million to encourage U.S. farmers to increase production of crops such as soybeans and wheat.
With the government finally funded for fiscal 2022, lawmakers can turn their attention to other policy issues and begin work on funding legislation for FY23.
With the 2022 midterm elections fast approaching, Republicans have their eyes set on capturing the House – and potentially the Senate – for the first time since 2016, while Democrats seek to hold onto control of at least one chamber.
Leaders of major crop groups say the farm bill commodity programs won’t adequately protect their margins at a time of skyrocketing input costs, but the organizations aren’t ready to propose specific changes.
Surging commodity prices have pushed crop insurance guarantees to record highs or near-record highs for farmers in the Midwest and Plains states this spring, which will help them protect their revenue against the soaring input costs.
A crop insurance policy that was supposed to ensure cotton growers could make do without traditional commodity programs never fulfilled its promise after hitting the market in 2015. But amid sky-high market prices and input costs this year, southern farmers say buying the policy is looking more and more like a no-brainer.