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Balanced Reporting. Trusted Insights.
Thursday, June 08, 2023
Under a bipartisan piece of legislation introduced this month, the $5 per acre pandemic cover crop subsidy would be revived and made a permanent part of the farm bill.
Dan Glickman, the Secretary of Agriculture during the major crop insurance overhaul in 2000, said crop insurance should be the preferred method of risk management rather than a permanent disaster program.
Crop insurance companies and their agents have spent years fighting off cuts in Congress or at USDA. Now, they're arguing limits imposed more than a decade ago are unfairly shrinking returns for specialty crop policies, a priority sector for policymakers, and appealing for an increase in federal reimbursement.
Groups representing producers of U.S. row crops are far from united on what Congress should do to improve commodity programs, even as the House and Senate Agriculture committees look to start writing a new farm bill in coming weeks.
Senate Agriculture Committee ranking member John Boozman says he will only vote in favor of a farm bill that fixes reference prices used in the Price Loss Coverage program.
Margin protection insurance designed to protect farmers from increased input costs is being expanded to more than 1,000 additional counties in 2024 due to producer interest, USDA’s Risk Management Agency said Thursday.
Crop insurance is commonly recognized as the cornerstone of the farm safety net, but Risk Management Agency Administrator Marcia Bunger believes more training, outreach and education is needed.
Specialty crop producers and a contract poultry grower used a farm bill listening session in Texas Wednesday to urge lawmakers to provide them with more insurance options, while groups representing other commodities continued their call for reference price increases consistent with inflation.
Hundreds of interest groups, trade associations, environmentalists and even a few farmers are submitting their ideas for a new farm bill to the House and Senate Agriculture Committees. Not to be outdone, representatives of key California departments recently submitted their own 2023 farm bill recommendations in a letter to chairpersons and ranking members.
If current environmental trends continue through the end of the century, the world could see corn production decline by 40 percent but wheat yields gain 30-40 percent, according to a top NASA scientist.