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Balanced Reporting. Trusted Insights.
Wednesday, February 24, 2021
Crop insurance requirements are not barriers to adoption of conservation practices like planting cover crops and reducing tillage, according to a new study.
Farmers are getting new options to cover differences in farming practices and crops, and many growers will be able for the first time this year to buy an endorsement to cover a portion of their deductibles.
The outgoing Trump administration is tapping unspent USDA funding to provide coronavirus relief to contract producers for the first time while providing supplemental payments to hog farms. USDA also is adjusting payments calculations for many producers who have already received Coronavirus Food Assistance Program payments.
Congressional leaders spent Tuesday evening behind closed doors working on a sweeping year-end deal that would include a new coronavirus relief package as well as funding for the federal government for the fiscal 2021.
A first-of-its kind study will pull together massive amounts of USDA farm data to assess the impact of conservation practices, and the department is separately considering a new crop insurance product designed to encourage growers to limit nitrogen usage.
The incoming Biden administration is expected to take a new look at using crop insurance to encourage farming measures that reduce greenhouse gas emissions and protect water quality, but the effort will face an old challenge — finding the data to prove that the practices don’t increase program losses.
Senate Agriculture Committee Chairman Pat Roberts has been involved in just about every consequential piece of agricultural legislation in the last four decades. But the bill he thinks may have the most lasting impact is the 1996 farm bill known as Freedom to Farm (or “Freedom to Fail” by its detractors). The bill formally ended the system of production controls and commodity subsidies first imposed during the Depression.
President-elect Joe Biden’s commitment to addressing climate change and the food and ag industry’s progress in coalescing on ag carbon proposals are increasing the chances that farmers could see new income streams developing through private markets and USDA programs.