Crop Insurance
In addition to major tax provisions, the bill enhances the current safety net, providing $66 billion in new spending for farm programs.
While the 1,000-page bill includes spending increases for agriculture-facing programs by $56.6 billion over the next decade, there’s one major priority that didn’t make it into the House’s version.
During an exclusive interview with Agriculture Secretary Brooke Rollins at Top Producer Summit, Farm Journal asked if the Department of Government Efficiency will target farm programs.
Trump recently signed three executive orders imposing tariffs on Canada, Mexico and China. This marks the first time a president has used powers granted under the International Emergency Economic Powers Act of 1977.
The Rural Prosperity and Food Security Act, which builds on the proposal Stabenow released in May, includes $39 billion in new resources “to keep farmers farming, families fed and rural communities strong.”
USDA will issue $1.7 billion through the Conservation Reserve Program (CRP) and CRP Transition Incentive Program (CRP TIP). USDA will also distribute more than $447 million in ARC and PLC payments related to 2023 crops.
On the heels of the recent debate, we’d like to know which presidential candidate, Democrat Kamala Harris or Republican Donald Trump, you believe will have a more positive impact on agriculture.
“We don’t need to rewrite the entire farm bill,” Rep. Thompson (R-Pa.) says. “We’re comfortable with many parts of the 2018 bill and there aren’t many tweaks, instead things we need to protect and invest in.”
A study released by Farm Bureau finds 86% of Americans are concerned about food insecurity, but their trust in farmers remains high at 89%.
We need to know the final funding level in the debt limit debate before there are can be any attempt to mix and match farm bill titles and funds.
SNAP, which historically receives the greatest amount of farm bill funding, will see an 82% increase of a quarter-trillion-dollars.
A Senate Ag Committee hearing Thursday on the new farm bill raised a issue that is now evident: the Title 1 farm bill safety net can no longer deal with the current ag environment.
The 2018 farm bill was stamped with a $428 billon price tag when passed. With the bill set to expire on Sept. 30, here’s a breakdown of the topics ag groups look to push on the negotiating table.
Text of the $1.7 trillion omnibus spending package was released early Tuesday morning. The Senate will vote first and intends to pass the measure before Thursday, leaving the House no time to demand changes.
Thompson is gearing up to replace Rep. Scott as the House Ag chairman in Jan. With his new title in tow, Thompson will be working alongside current Senate Ag Chairwoman Stabenow to pass farm bill 2023.
For the upcoming 2023 farm bill, expect chatter and debate about carbon markets, conservation, trade and more. Policy watchers encourage farmers to keep an eye on these issues, as discussions begin in January.