Showing articles tagged with "Farm Bill". Show all posts.
The 2014 Farm Bill includes provisions for new safety net programs covering most major grain commodities, including wheat, corn, grain sorghum, barley, oats, soybeans, peanuts and other legumes. The programs, much like crop insurance, are intended to protect farmers from the economic impact of unexpected market or weather events. While this objective is straightforward, the new program requirements are quite complex. Read More
June was National Dairy Month and dairy was in the headlines. The new Dairy Margin Protection Program included in the 2014 Farm Bill will set price benchmarks and establish a safety net for participating producers. Program signup begins later this summer, though the USDA is still finalizing program implementation. Meanwhile, consumers are facing higher milk prices at the store, a situation the industry expects to continue with prices plateauing in 2014. A CoBank report released in June outlined the significant drop in U.S. milk consumption, which may also be contributing to higher prices through supply and demand pressures in the market. Read More
Weather impacts topped the news in March, both current problems and the continuing affects of extreme weather felt over the winter months. The record drought in California continues unabated, leading to problems distributing what resources there are. Read More
After more than two years of effort, in February the U.S. Congress passed a Farm Bill, later signed into law by President Obama. Industry participants now must determine what the new law includes and how it differs from the previous legislation. In other news this month: Read More
January 2014 saw an important milestone: after two years of effort, the House of Representatives approved a Farm Bill. The bill now rests with the Senate, which is expected to vote in early February. Offsetting that good news for the agriculture industry were severe weather challenges: a polar vortex crippled large portions of the country, impacting agricultural production, and a drought in California, called by some the worst in 500 years, has forced both farmers and ranchers to modify their operations and California’s governor to declare a state of emergency. Read More