A USDA savings account for rural electric and telephone cooperatives that allows them to earn substantially more interest than they could from private bankers has become a major source of potential funding for a new farm bill.
A bipartisan farm bill that would protect crop insurance and commodity programs as well as nutrition assistance from cuts passed the Senate by an overwhelming margin, 86-11, clearing the way for negotiations to begin next month with the House.
The Senate farm bill offers changes to crop insurance that could benefit the largest as well as the smallest farms while also clearing the way for research that could lead to premium discounts for conservation practices.
Leaders of the Senate Agriculture Committee this week will seek to get a strong bipartisan vote for their farm bill draft from the panel, giving the measure momentum as it heads to the Senate floor in the following days.
Whether we get a farm bill this year or after the mid-term elections, I think it’s important to look at some of the ideas under consideration, especially regarding the Conservation Reserve Program (CRP).
In writing the five-year 2018 farm bill, Congress could add new provisions to support aquaculture, with the added benefit of boosting soybean growers’ income, according to testimony at a Senate hearing Tuesday.