Showing articles tagged with "Farm Bill". Show all posts.
The end of the year is typically a time for reflection and planning, and agricultural news joined the trend. AgWeb released its “Top 20 Highlights” of 2014 events impacting farmers; farm incomes, farmland values, weather, crop prices and the passage of the Farm Bill all made the list. AgWeek meanwhile took a look ahead, predicting more of the same for 2015: weather challenges, price fluctuations, Farm Bill confusion, international and environmental controversy, and the continued hurdles for entering agricultural production. Read More
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