2014 Farm Bill. Jay Yates Extension Program Specialist III Risk Management
|
|
- Irma Jacobs
- 5 years ago
- Views:
Transcription
1 2014 Farm Bill Jay Yates Extension Program Specialist III Risk Management
2 Presentation Disclaimer This Information is Based on Our Reading of the Bill and Discussions with Ag Committee Staff As in the Past, We Know There Will Likely Be Differences in Our Interpretation and the Final Regulations
3 Cotton Council Producer Meetings West Texas Amarillo March 19, 2:30 p.m. AgriLife Extension Center, 6500 Amarillo Boulevard West El Paso March 21, 9:00 a.m. Wyndam Hotel Theater Room, 2027 Airway Boulevard Garden City March 18, 9:00 a.m. Glasscock County Community Center, 117 South Myrl Street Haskell March 19, 2:00 p.m. Haskell Memorial Civic Center, 202 South Avenue B Lamesa March 17, 9:00 a.m. Leroy Colgan Building, South 10th Street & South Houston Street at Forrest Park Muleshoe March 18, 2:00 p.m. Bailey County Electric Cooperative, 610 East American Boulevard Plainview March 19, 9:00 a.m. Plainview Country Club, 2902 West 4th Street Roby March 19, 9:00 a.m. Roby Community Center, near intersection of Hwy 180 & Hwy 70 San Angelo March 18, 1:30 p.m. AgriLife Extension Center, 7887 US Highway 87 North Seminole March 17, 2:00 p.m. Old City Hall Ambassador Room, 101 Avenue A Lubbock March 18, 9:00 a.m. Bayer Museum of Agriculture, 1121 Canyon Lake Drive
4 Southwest Council of Agribusiness Farm Bill Forums (West Texas) Date March 18 th (May Change) March 19 th March 20 th March 21 st Location Stamford Lamesa Lubbock Amarillo
5 The $956 billion farm bill, in one graph
6 Basic Provisions Food stamps & nutrition - $756 billion ($8 billion less) Commodity programs - $44.4 billion ($14 billion less) Crop Insurance - $90 billion ($7 billion more) Trade assistance - $3.5 billion (same) Energy - $1.1 billion (small cut) Miscellaneous - $2.3 billion Forestry Rural Development Research Extension Farmers Market
7 Basic Provisions Food stamps & nutrition - $756 billion ($8 billion less) Ending the heating loophole Heat & Eat Eligibility clarification so that affluent college students, lottery winners & undocumented immigrants don t receive SNAP Funds pilot projects to encourage SNAP recipients to look for work Increase funding to food banks Improve access to healthy foods by allowing recipients to make purchases at farmers markets by swiping SNAP cards on mobile devices
8 Source: Compiled from CBO estimates, January 28, 2014 Change in Estimated Outlays Relative to the Baseline for 2014 Farm Bill (Billion $), 2014 to Commodity Programs Conservation Programs Nutrition Programs Crop Insurance
9 Basic Provisions Commodity programs - $44.4 billion ($14 billion less) Ends Direct, Counter-Cyclical and ACRE Payments. CCP and ACRE extends through 2013 crop year. Permanent laws of 1938 and 1949 are not repealed. For the 2014 crop, producers must choose between the Agriculture Risk Coverage (ARC) program and Price Loss Coverage (PLC), even for future crops on generic base. During the farm bill debate, ARC was often referred to as a shallow loss program and PLC a deep loss program Regardless of which program is chosen the first payment (if any is due) will not be made until after September 30th 2015 for the 2014 crop
10 Basic Provisions Commodity programs Base & Yield Producers will also have the opportunity to reallocate their base acres to crops planted on the farm at any time during the 2009 to 2012 crop years (4-year average) Cotton base acres are now generic base acres If producers choose the PLC option they have the opportunity to update their payment yields to 90% of the crop year averages
11 Basic Provisions Commodity programs Participation Decision Producers will make a 1-time, irrevocable decision to participate in ARC or PLC in 2014 for the crop years If all producers on a farm fail to make a unanimous election: No payments will be made for the 2014 crop. For crop years the farm will be considered to have elected PLC.
12 Basic Provisions Commodity programs - Cotton Creates separate program for cotton starting in 2015 Stacked Income Protection Plan (STAX), with a 2014 transition payment 4.75% less than direct payment. There will also be sequester similar to 2013 off this payment DCP/ACRE direct payment sequester was 8.6% Still use marketing loan with floating loan rate of the simple moving average of the adjusted prevailing world price for the 2 immediately preceding marketing years. No less than $0.45 or more than $0.52 per pound.
13 Basic Provisions Commodity programs Payment Limits Payment limits Payments received under Title 1 limited to $125,000 per individual and $250,000 per couple (ARC, PLC, NAP, MLG and LDP). Still have separate limit for peanuts. The only Title 1 crop program not included in this single payment limit is the benefit derived from forfeiting nonrecourse loans. USDA is tasked to write new regulations defining active engagement in farming. Separates family versus non-family entities. No new rules for family entities. The 2 AGI tests are replaced with a single $900,000 3-year average AGI for commodities and conservation programs.
14 Basic Provisions Commodity programs Reference Price One-time election for either Price Loss Coverage (PLC) or county Agricultural Risk Coverage (ARC) on all crop other than cotton. PLC pays when MYA price is less than reference price Commodity Reference Price Wheat (bu) $5.50 Corn (bu) $3.70 Grain Sorghum (bu) $3.95 Barley (bu) $4.95 Oats (bu) $2.40 Soybeans (bu) $8.40 Other oilseeds (cwt) $20.15 Peanuts (ton) $535.00
15 Basic Provisions Commodity programs Loan Rate Marketing Loan will continue to operate as in the past Commodity Loan Rate Wheat (bu) $2.94 Corn (bu) $1.95 Grain Sorghum (bu) $1.95 Barley (bu) $1.95 Oats (bu) $1.39 Soybeans (bu) $5.00 Other oilseeds (cwt) $10.09 Peanuts (ton) $ Upland Cotton (lbs) $0.45-$0.52 ELS Cotton (lbs) $0.7977
16 This decision is on a crop by crop basis for each farm unless the producer chooses individual ARC then it is for all the crops on that farm. If all parties cannot agree on a choice then the farm would not be enrolled in ARC or PLC for the 2014 crop and the farm would automatically be enrolled in PLC for the 2015 crop and beyond. Flow Chart of Title I Producer Choices for Covered Commodities Other than Upland Cotton County Base Update Choice Between ARC and PLC Choose ARC Choose PLC Individual Can choose to Update Payment Yield Not your Problem but. These decisions could very likely affect crop insurance coverage decisions Beginning in 2015 can choose SCO insurance option
17 Basic Provisions Commodity programs Agricultural Risk Coverage (ARC) Covers Losses in Income for a Covered Commodity Relative to a Revenue Guarantee ARC can be Selected at the County or Individual Level
18 Basic Provisions Commodity programs County ARC County ARC pays when actual crop revenue is below the ARC revenue guarantee for a crop year. Guarantee is 86% of benchmark revenue. Coverage is capped at 10%, meaning coverage is between 76% & 86% of county ARC benchmark. County ARC benchmark revenue is based on Olympic average county yields and MYA price of preceding 5 crop years. Substitute Reference Price for MYA Price in any year MYA Price is less before calculating Olympic Average price.
19 Basic Provisions Commodity programs County ARC (The Math) Payments are made when actual revenue for the covered commodity < ARC revenue guarantee, where: Actual county revenue = actual county yield per planted acre * the higher of {National Marketing Year Price or Marketing Loan Rate}. ARC revenue benchmark is equal to the U.S. Olympic average marketing year price for the most recent 5 years * the Olympic average county yield for the most recent 5 years. If any of the 5 years of prices are lower than Reference Price then replace with the Reference Price. If the actual county yield is < 70% of T-yield replace with the T-yield ARC revenue guarantee =.86 * ARC revenue benchmark Payment = Minimum of (ARC Revenue Guarantee Actual Revenue) OR 10% of the benchmark * Base Acres *.85 ARC county will allow irrigated and non-irrigated to be calculated separately
20 Illustration of Government Support for Corn Under ARC - County Revenue per base acre 86% 76% Loan Rate $1.95 Market Price MLG Market Receipts 5 yr moving avg of revenues [paid on base acres x.85] Crop insurance coverage
21 Basic Provisions Commodity programs Price Loss Coverage (PLC) Covers Losses in Income Due to Covered Commodity Price Declines Below Established Reference Prices PLC Payment Rate = Reference Price Higher of {National Average Marketing Year Price or Marketing Loan Rate} PLC Payment = PLC Payment Rate * Payment Yield * Base Acres X.85
22 Illustration of Government Support for Corn Under PLC Revenue per base acre Reference Price $3.70 Loan Rate $1.95 Market Price PLC Supplemental Coverage Option MLG/LDP Market Receipts Paid on base acres x.85 Crop insurance coverage
23 Basic Provisions Commodity programs Individual ARC Individual ARC is a whole farm, not individual crop. It is based on the average covered commodity experience on the farm. PLC and County ARC payments are based on 85% of the farm s base acres. Individual ARC payments are based on 65% of the farm s base acres. Based on producers share of all covered commodities planted on all farms for which ARC has been selected
24 Basic Provisions Commodity programs Individual ARC ARC guarantee is 86% of benchmark revenue Benchmark revenue is average historical revenue for the most recent 5 years excluding the high and low weighted by current plantings Coverage is based on producer s share of all covered commodities planted on all farms which individual coverage was selected Payment = Minimum of (ARC Revenue Guarantee Actual Revenue) OR 10% of the benchmark * Base Acres *.65 If they select ARC individual coverage on any crop on the farm then the entire farm is in ARC individual coverage
25 Basic Provisions Commodity programs Livestock Disaster Assistance Supplemental Agricultural Disaster Assistance program is funded permanently. Includes Livestock Indemnity Program, Livestock Forage Program, Emergency Relief Program for livestock, bees and fish and a Tree Assistance Program. Will back up and pick up 2012 and Remove the linkage with NAP on pasture.
26 Basic Provisions Crop Insurance - $90 billion ($7 billion more) Supplemental Coverage Option (SCO) provides farms the option to purchase county level insurance that covers part of the deductible under their individual policy. Coverage level cannot exceed the difference between 86% and the coverage level in the individual policy. Subsidy rate for SCO is 65%. County expected yields will be calculated using GRIP formula. (Trend adjusted 20-year average) SCO is not available if enrolled in ARC.
27 Basic Provisions Crop Insurance - $90 billion ($7 billion more) Supplemental Coverage Option (SCO) has characteristics of underlying individual MPCI policy. Yield or Revenue Protection. Loss trigger is based on county loss of yield or revenue. Indemnity is county loss % times individual max indemnity. Will not pay until after county yields for both irrigated and dryland practices have been determined. (For cotton this has been around June of the following year in the past, earlier for grains) SCO is not available if enrolled in ARC.
28 Insurance Price X 10 Year Average (APH) Yield Crop Insurance Expected Revenue Deductible 40% Example: 60% coverage Insurance Guarantee Example of Price Loss Coverage (PLC) Plus SCO Loss 14% SCO Indemnity 26% Ind. Coverage Indemnity Actual Price X Actual Yield + Any PLC Benefits Area loss trigger
29 Basic Provisions Crop Insurance STAX for Upland Cotton Cotton has Stacked Income Protection Plan (STAX) which operates similar to SCO and starts in Premium rates for both STAX and SCO will be much higher than MPCI because it is first loss coverage. STAX is based entirely off the county expected revenue. Covers from 90% of revenue guarantee down to 70% or insurance coverage level (whichever is higher) in 5% increments. 80% premium subsidy and includes protection factor from 80% up to 120% STAX subsidy level is 80%. Can have STAX and SCO on the same farm but not on the same acres
30 Basic Provisions Crop Insurance STAX for Upland Cotton Revenue guarantee established based off of expected insurance price * an expected county yield (max of expected county yield for area plans or most recent 5 year Olympic average yield from RMA or NASS) Can be in addition to individual buy-up coverage or used as a stand alone policy Differentiates between irrigated and non-irrigated
31 Crop Insurance Expected Revenue Example of STAX Insurance Price X 10 Year Average (APH) Yield Deductible 40% Example: 60% coverage Insurance Guarantee Loss 10% STAX Indemnity 20% Loss 10% Ind. Coverage Indemnity Actual Price X Actual Yield Area loss only
32 Basic Provisions Crop Insurance Decisions for Upland Cotton Choice of STAX with or without crop insurance or SCO with crop insurance Can t have both on same acres STAX County plan alone or on top of individual or area plan, coverage 70% to 90%, 1.2 multiplier SCO County plan on top of individual plan only, coverage <= 86% Crop insurance: Underlying individual or area plan coverage determines STAX lower bound Crop insurance Underlying individual plan coverage level determines SCO lower bound
33 How does STAX stack up against SCO? Dryland STAX SCO Indemnity Paid Producer Premium Indemnity Paid Producer Premium 2000 $37.55 $2.63 $48.81 $ $35.40 $2.48 $46.02 $ $ $ $11.49 $2.47 $4.45 $ $ $ $ $ $27.84 $1.95 $36.19 $ $ $ $ $ $ $ $ $ $62.73 $4.39 $81.55 $ $51.52 $3.61 $66.98 $8.20 Total $ $22.72 $ $76.71 Average $17.43 $2.59 $21.85 $5.90 Ratio
34 How does STAX stack up against SCO? Irrigated STAX SCO Indemnity Paid Producer Premium Indemnity Paid Producer Premium 2000 $67.54 $4.73 $85.02 $ $63.96 $4.48 $ $ $ $ $71.74 $5.55 $55.88 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $10.64 $ $ $32.75 $8.52 $8.42 $19.37 Total $ $74.53 $ $ Average $29.85 $5.73 $33.09 $13.04 Ratio
35 How does STAX stack up against SCO? Dryland in 2011? Dryland STAX SCO Indemnity Paid Producer Premium Indemnity Paid Producer Premium 50% $62.73 $4.39 $ $ % $62.73 $4.39 $97.23 $ % $62.73 $4.39 $81.55 $ % $62.73 $4.39 $65.87 $ % $62.73 $4.39 $50.18 $ % $47.05 $3.29 $34.50 $ % $31.37 $2.20 $18.82 $2.31
36 How does STAX stack up against SCO? Irrigated in 2011? Irrigated STAX SCO Indemnity Paid Producer Premium Indemnity Paid Producer Premium 50% $ $10.64 $ $ % $ $10.64 $ $ % $ $10.64 $ $ % $ $10.64 $ $ % $ $10.64 $ $ % $ $7.98 $83.62 $ % $76.01 $5.32 $45.61 $5.59
37 Basic Provisions Crop Insurance Miscellaneous all-crop provisions Producers may exclude a crop year in which the county planted acre yield was at least 50% below the 10-yr county average. (going forward and backward, applies to contiguous counties, can be multiple years) Higher subsidy levels for enterprise insurance are made permanent.
38 Basic Provisions Crop Insurance Miscellaneous all-crop provisions Separate irrigated and dryland insurance coverage for both split and enterprise coverage. Beginning farmers are eligible for 10% higher subsidy rate on insurance. No payment limit on insurance subsidy or indemnities. No sequester of insurance subsidies or indemnities. Requires conservation compliance to receive subsidy.
39 Basic Provisions Crop Insurance Peanuts and Fruits & Veggies RMA is mandated to offer a revenue product for peanuts by the 2015 crop year. (Don t know where the prices will come from) Fruits & Vegetables No more double cropping rules. First acres will be planted on free acres (cropland acres in excess of base acres). Second acres will be planted on unpaid base (ie: generic base) Last acres will reduce base for that year only. NAP buy up coverage will be available to all un-insurable crops other than forage. (because PRF is available on forage)
40 Basic Provisions Crop Insurance NAP Buy-up coverage NAP buy up coverage Regular NAP still available at 50% of production and 55% of MYA price. Producer can buy up coverage in 5% increments from 50% to 65% at 100% of MYA price. Same rules apply for prevented planting, planted-not-harvested and harvested. (factor reductions) Title I payment limits apply to NAP.
41 Dairy Program Basic Provisions Moves dairy program to dairy margin (national milk price over feed cost (corn, alfalfa & soybean meal)) insurance program with a provision for USDA to purchase milk under the Dairy Product Donation Program when margins fall below $4 for 2 months in a row. MILC reinstated for 2014 as transition. Repeals it once margin program is operational. Repeals the dairy product price support program Repeals the dairy export incentive program Extends the dairy forward pricing program.
42 Dairy Program Basic Provisions Can purchase from $4-$8/cwt on base production Basic $4 production is free, $100 admin fee No pay limit. Low premium below 4 million lbs (200 cows) beyond that it is stepped up premium. 50 cent margin increments 25-90% production coverage levels. Probably up and running by September 2014.
43 Dairy Program Margin Calculation All Milk Price less Feed Cost The average cost of feed for a dairy operation required to produce a cwt of milk, determined in accordance with the following formula: Milk, corn and alfalfa prices reported in Agricultural Prices; soybean meal price is Central Illinois, USDA/AMS The calculation required by this subsection shall be made as soon as practicable using the full-month price of the applicable reference month. A lag in information, the January all milk price released at the end of February $100 registration fee gets $4.00 margin coverage Margin payments will occur on a bimonthly basis beginning with January/February
44 Dairy Program Historical Monthly U.S. Margin $ per cwt
45 Dairy Program Producers Assigned a Production History Highest annual milk marketings during 2011, 2012 or A producer can choose to cover 25 to 90 percent of their production history in 5 percent increments annually USDA will adjust production history annually to reflect an increase in U.S. milk production An operation s marketings growth does not matter in the adjustment to production history New dairy operations Volume of actual milk marketings extrapolated to a yearly amount Estimated from herd size
46 * - In 2014 and 2015 the premium rates for the first 4 million pounds will be reduced by 25 percent at all levels except at the $8.00 level. A producer will also pay $100 annually in administrative fees. Premium Rates For Selected Margin Level Coverage * Margin First 4 Above 4 Level million pounds million pounds ($ per cwt.) $4.00 $0.000 $0.000 $4.50 $0.010 $0.020 $5.00 $0.025 $0.040 $5.50 $0.040 $0.100 $6.00 $0.055 $0.155 $6.50 $0.090 $0.290 $7.00 $0.217 $0.830 $7.50 $0.300 $1.060 $8.00 $0.475 $1.360
47 $0.54 increase in premium For $0.50 more margin coverage * - In 2014 and 2015 the premium rates for the first 4 million pounds will be reduced by 25% at all levels except at the $8.00 level. A producer will also pay $100 annually in administration fees.
48 Dairy Program Dairy Product Donation Program Must be operational no later than 120 days after the margin program begins When the margin is less than $4.00 for the two preceding months, this feature becomes operational Secretary purchases dairy products at prevailing market prices and distributes to public and private nonprofits assisting lowincome households This program suspended: After three months of operation Margins move above $4.00 Margins between $3.00 & $4.00 AND U.S. prices exceed world prices by more than 5% Margins less than $3.00 AND U.S. prices exceed world prices by more than 7%
49 AFPC Decision Tool Help producers make decisions when there are about 100 different combinations: YP vs RP vs RP-HPE Unit structure: optional vs. enterprise Trend-adjusted APH or not Choose PLC or RLC/ARC: new, free, county-level price or revenue payments Buy supplemental revenue coverage (SCO/STAX) or not (2015 and beyond) Optimal crop insurance coverage level given interactions For all possible election combinations, this on-line tool evaluates the net revenue outcome Users can interactively explore alternative choices and their effects on the net revenue distribution afpc.tamu.edu
50 Jay Yates Extension Program Specialist III Risk Management FARM Assistance Analyst Contact Information: Texas A&M AgriLife Research and Extension Center 1102 East FM 1294 Lubbock, TX South Plains Cotton Update every Thursday at 1:00 2:30 p.m. during West Texas Ag Life on (806)
2014 Farm Bill Overview
2014 Farm Bill Overview Presented as part of a panel discussion at the City Bank Wealth of Knowledge Seminar Series, March 31, 2014 Key Elements Dairy Program Dairy Product Support and MILC programs replaced
More information2014 Farm Bill How does it affect you and your operation? Section 1: Overview, Base Reallocation, and Yield Updates
2014 Farm Bill How does it affect you and your operation? Section 1: Overview, Base Reallocation, and Yield Updates 1 Dr. Jason Fewell Assistant Professor Department of Agricultural & Resource Economics
More informationFarm Bill Details and Decisions
Farm Bill Details and Decisions Bradley D. Lubben, Ph.D. Extension Assistant Professor, Policy Specialist, and Director, North Central Risk Management Education Center Department of Agricultural Economics
More informationPresentation Outline
The Current and Future Farm Policy Outlook for Corn and Soybeans Joe L. Outlaw Professor & Extension Economist Co-Director, AFPC Minnesota Crop Insurance Conference Mankato, MN September 12, 2013 Presentation
More informationFarm Bill Details and Decisions
Farm Bill Details and Decisions Bradley D. Lubben, Ph.D. Extension Assistant Professor, Policy Specialist, and Director, North Central Extension Risk Management Education Center Department of Agricultural
More information2014 Farm Bill How does it affect you and your operation? Section II: PLC, SCO, ARC-C, and ARC-I
1 2014 Farm Bill How does it affect you and your operation? Section II: PLC, SCO, ARC-C, and ARC-I 2014 Farm Bill: PLC, SCO, ARC-C, and ARC-I Dr. Aaron Smith Assistant Professor: Row Crop Marketing Specialist
More informationFarm Bill Details and Decisions
Farm Bill Details and Decisions Bradley D. Lubben, Ph.D. Extension Assistant Professor, Policy Specialist, and Director, North Central Extension Risk Management Education Center Department of Agricultural
More informationFarm Bill and Texas A&M Computer Training. Nebraska Innovation Campus Conference Center January 14, 2015
Farm Bill and Texas A&M Computer Training Nebraska Innovation Campus Conference Center January 14, 2015 Farm Bill Details and Decisions Bradley D. Lubben, Ph.D. Extension Assistant Professor, Policy Specialist,
More informationCurrent Crop Insurance and Federal Policy Situation
Current Crop Insurance and Federal Policy Situation Mil. acres Participation Growth 1981-2012 326 mil Premium support, then 2000 Act 1 1 % Source: USDA/RMA Summary of Business Percent of Total Premium
More informationCommodity Programs in 2014 Farm Bill. Key Provisions
Commodity Programs in 2014 Farm Bill Gary Schnitkey, Jonathan Coppess, Nick Paulson, and Carl Zulauf University of Illinois The Ohio State University (February 13, 2014) 1 Key Provisions Eliminates direct,
More informationFarm Bill Details and Decisions for 2014
Farm Bill Details and Decisions for 2014 Bradley D. Lubben, Ph.D. Extension Assistant Professor, Policy Specialist, and Director, North Central Risk Management Education Center Department of Agricultural
More informationFarm Safety Net. Dr. Alejandro Plastina Assistant Professor, Economics
Farm Safety Net Dr. Alejandro Plastina Assistant Professor, Economics Invited Presentation to the Professional Agriculture Workers Conference Organized by Tuskegee University Opelika, Alabama December
More informationFarm Bill 2014 Agricultural Act of What You Need To Know Doug Yoder, IFB
Farm Bill 2014 Agricultural Act of 2014 What You Need To Know Doug Yoder, IFB 309-557-2993 yoder@ilfb.org FARM BILL OVERVIEW Signed into law February 7, 2014 5 year bill Covers crop years 2014 2018 $956
More informationArchie Flanders University of Arkansas Northeast Research and Extension Center Keiser, AR. The Farm Bill Decision Making Process
Archie Flanders University of Arkansas Northeast Research and Extension Center Keiser, AR The Farm Bill Decision Making Process Presentation at the 2014 Arkansas Rice Expo Grand Prairie Center August 1,
More informationLooking Out for the 2012 Farm Bill
Looking Out for the 2012 Farm Bill, Ph.D. Extension Assistant Professor, Policy Specialist, and Director, North Central Risk Management Education Center Department of Agricultural Economics UNL Farm Bill
More informationAGEC 429: AGRICULTURAL POLICY LECTURE 19: ANALYSIS OF THE 2014 FARM BILL I
AGEC 429: AGRICULTURAL POLICY LECTURE 19: ANALYSIS OF THE 2014 FARM BILL I Background AGEC 429 Lecture #19 ANALYSIS OF THE 2014 FARM BILL I The Agricultural Act of 2014 Right after the 2008 Farm Bill passed,
More informationNGFA Country Elevator Conference St. Louis, Missouri Dec. 9, 2013
Pat Westhoff (westhoffp@missouri.edu) Director, Food and Agricultural Policy Research Institute Professor, Agricultural and Applied Economics University of Missouri www.fapri.missouri.edu NGFA Country
More informationPat Westhoff FAPRI-MU, University of Missouri
Agricultural Lender meetings Dexter and Sikeston, MO December 1, 214 Pat Westhoff (westhoffp@missouri.edu) FAPRI-MU, University of Missouri www.fapri.missouri.edu Eliminates many existing farm programs
More informationA VEIW FROM THE SOUTH
THE NEW FARM BILL OUTSIDE THE BELTWAY: A VEIW FROM THE SOUTH March 3, 2009 Wes Harris Special Projects Coordinator Public Policy Center for Agribusiness and Economic Development The University of Georgia
More informationFarm Safety Net Provisions in a 2013 Farm Bill: S. 954 and H.R. 2642
Farm Safety Net Provisions in a 2013 Farm Bill: S. 954 and H.R. 2642 Dennis A. Shields Specialist in Agricultural Policy Randy Schnepf Specialist in Agricultural Policy July 24, 2013 Congressional Research
More informationRISK MANAGEMENT AND THE NEW 2014 FARM BILL
RISK MANAGEMENT AND THE NEW 2014 FARM BILL Paul D. Mitchell Associate Professor, Ag and Applied Economics March 11, 2014 Email pdmitchell@wisc.edu Office: 608-265-6514 http://www.aae.wisc.edu/pdmitchell/extension.htm
More information2002 FSRIA. Farm Security & Rural Investment Act. (2002 Farm Bill) How much money is spent with the United States Department of Agriculture (USDA)?
2002 FSRIA Farm Security & Rural Investment Act (2002 Farm Bill) Some general background: How much money is spent with the United States Department of Agriculture (USDA)? How much money is spent on farm
More informationFarm Policy: 2012 and Beyond
Farm Policy: 2012 and Beyond Carl Zulauf (Zulauf.1@osu.edu) Ag. Economist, Ohio State University December 3, 2012 Dean s Outlook Meeting Columbus, OH Outline Current Status of Farm Bill Process Shallow
More information11/14/2011. Bradley D. Lubben, Ph.D. Special thanks to: Federal Budget. Economy Farm & General Economy. Politics. Super Committee (more politics)
John Deering Agriculture and Specialist Colorado State University Extension Special thanks to: Bradley D. Lubben, Ph.D. Extension Assistant Professor, Policy Specialist t& Director, North Central Risk
More informationThe Agricultural Act of 2014: Update on STAX, SCO & Farm Bill Implementation. Mid-South Region December 2014
The Agricultural Act of 2014: Update on STAX, SCO & Farm Bill Implementation Mid-South Region December 2014 2014 Farm Bill Fundamental changes in cotton s safety net DP and CCP programs discontinued Greater
More informationFarm Bill Meeting Stoddard County
Farm Bill Meeting Stoddard County David Reinbott Agriculture Business Specialist P.O. Box 187 Benton, MO 63736 (573) 545-3516 http://extension.missouri.edu/scott/agriculture.aspx reinbottd@missouri.edu
More informationMaryland Crop Insurance Workshop
Maryland Crop Insurance Workshop Linda Slacum Maryland Farm Service Agency September 9, 2014 Farm Service Agency Agricultural Act of 2014 (2014 Farm Bill) Specific procedures for program implementation
More informationThe Agricultural Act of 2014: Update on STAX, SCO & Farm Bill Implementation. Southeast Region December 2014
The Agricultural Act of 2014: Update on STAX, SCO & Farm Bill Implementation Southeast Region December 2014 2014 Farm Bill Fundamental changes in cotton s safety net DP and CCP programs discontinued Greater
More informationCan U.S. Agriculture Survive in the World of Uncertainty? Flynn Adcock Texas A&M AgriLife Research
Can U.S. Agriculture Survive in the World of Uncertainty? Flynn Adcock Texas A&M AgriLife Research Prepared for 20 th Annual Farming for Profit? Conference Moose Jaw, SK, Canada June 24, 2013 Question:
More informationPROCRASTINATOR'S FARM BILL UPDATE. Paul Goeringer, Extension Legal Specialist, Women in Ag Wednesday Webinar March 11, 2015
PROCRASTINATOR'S FARM BILL UPDATE Paul Goeringer, Extension Legal Specialist, Women in Ag Wednesday Webinar March 11, 2015 Individual Farm Level Details are available from a crop insurance agent (list
More informationThe 2018 Farm Bill. Dr. Alejandro Plastina Assistant Professor, Economics
The 2018 Farm Bill Dr. Alejandro Plastina Assistant Professor, Economics Cornerstone Insurance Services & ISUEO February 6-7, 2019 - Everly & Estherville, IA Overview Context What s new? What has not changed?
More information2018 Farm Bill Comparison Cotton and Other Selected Provisions* Prepared by the National Cotton Council
Prepared by the National Cotton Council ARC/PLC Title I Commodity Programs Seed Cotton established as a covered commodity with $0.367/lb reference price Reference prices set by statute Announcement and
More informationAllan Gray and Luc Valentin. Purdue University
The 2008 Farm Bill Allan Gray and Luc Valentin Department of Agricultural Economics Purdue University Farm Bill Timeline May 13, 2002 Farm Security and Rural Investment Act of 2002 enacted. Commodity Futures
More information2014 Actual Average County Yield. times. higher of: Month Market Year Average Price or National Loan Rate 86% times
Cotton Transition, Price Loss Coverage, County Agricultural Risk Coverage, and Individual Agricultural Risk Coverage Diagram for the 2014 Crop Year May 15, 2014 Step 1: Producers on a farm must make a
More informationThe Agriculture Risk Coverage (ARC) Program of the 2014 Farm Bill
Staff Report No. 2014-11 July 2014 The Agriculture Risk Coverage () Program of the 2014 Farm Bill Michael A. Deliberto and Michael E. Salassi Department of Agricultural Economics and Agribusiness Louisiana
More informationFarm Bill Meeting Scott County
Farm Bill Meeting Scott County David Reinbott Agriculture Business Specialist P.O. Box 187 Benton, MO 63736 (573) 545-3516 http://extension.missouri.edu/scott/agriculture.aspx reinbottd@missouri.edu 1.
More informationCRS Report for Congress
Order Code RS21604 Updated December 15, 2004 CRS Report for Congress Received through the CRS Web Marketing Loans, Loan Deficiency Payments, and Commodity Certificates Summary Jim Monke Analyst in Agricultural
More informationThe Potential Budgetary Costs and WTO Implications of the New Farm Bill. Joseph Glauber and Pat Westhoff
The Potential Budgetary Costs and WTO Implications of the New Farm Bill Joseph Glauber and Pat Westhoff Selected Paper prepared for presentation at the International Agricultural Trade Research Consortium
More information2016 Enrollment Update
2016 Enrollment Update Explaining the Dairy Producer Margin Protection Program The dairy safety net program included in the 2014 farm bill is entering its second year. Known as the dairy producer Margin
More informationPROGRAM DECISION STEPS FARM BILL TOOLBOX. Gary Schnitkey, Jonathan Coppess, Nick Paulson University of Illinois
PROGRAM DECISION STEPS FARM BILL TOOLBOX Gary Schnitkey, Jonathan Coppess, Nick Paulson University of Illinois Development & Outreach Coalition University of Illinois Watts & Associates The Ohio State
More information2015 COTTON MARKET OUTLOOK AND RISK MANAGEMENT DECISIONS
2015 COTTON MARKET OUTLOOK AND RISK MANAGEMENT DECISIONS A A R O N S M I T H, P H. D. R O W C R O P E C O N O M I S T UNIVERSITY OF TENNESSEE EXTENSION AARON.SMITH@UTK.EDU HTTP://ECONOMICS.AG.UTK.EDU/CROP.HTML
More information2016 Enrollment Update
2016 Enrollment Update Explaining the Dairy Producer Margin Protection Program The dairy safety net program included in the 2014 farm bill is entering its third year. Known as the Margin Protection Program
More informationSupplemental Coverage Option Insurance SCO. Tim Lemmons Ext. Educator Northeast Research and Extension Center
Supplemental Coverage Option Insurance SCO Tim Lemmons Ext. Educator Northeast Research and Extension Center tlemmons2@unl.edu 402-370-4061 of Disclaimer This information is based on our reading of the
More information2018 Enrollment Update
2018 Enrollment Update Explaining the Updated Dairy Margin Protection Program The National Milk Producers Federation has been working to make the dairy Margin Protection Program (MPP) as effective as possible
More informationAGEC 429: AGRICULTURAL POLICY LECTURE 18: ANALYSIS OF PAST FARM BILL PROGRAMS III
AGEC 429: AGRICULTURAL POLICY LECTURE 18: ANALYSIS OF PAST FARM BILL PROGRAMS III AGEC 429 Lecture #18 ANALYSIS OF PAST FARM BILL PROGRAMS III Food Conservation and Energy Act (FCEA) of 2008 Background
More informationSeed Cotton Informational Meeting. Price Loss Coverage Program (PLC)
Seed Cotton Informational Meeting Price Loss Coverage Program (PLC) PLC Overview PLC is an Income Support Program PLC payments are not dependent upon planting of the crop PLC is the default program election
More information2018 Enrollment Update
2018 Enrollment Update Explaining the Updated Dairy Margin Protection Program The National Milk Producers Federation has been working to make the dairy Margin Protection Program (MPP) as effective as possible
More informationAnalysis of House and Senate Farm Bills: Implications for Arkansas Producers
Analysis of House and Senate Farm Bills: Implications for Arkansas Producers Eric Wailes, Eddie Chavez and K. Bradley Watkins University of Arkansas August 2, 2013 Arkansas Rice Expo Projected Changes
More informationEstimated ARC and PLC Payments for 2016 Covered Commodities
AGECON-17-01 July 2017 Estimated ARC and PLC Payments for 2016 Covered Commodities Don Shurley and Adam N. Rabinowitz Department of Agricultural and Applied Economics University of Georgia The 2014 farm
More informationRisk Management Agency
Risk Management Agency Larry McMaster, Senior Risk Management Specialist Jackson Regional Office Jackson, MS February 10, 2015 USDA is an Equal Opportunity Provider and Employer 10 RMA Regional Offices
More informationFARM PROGRAM DECISION TOOL
FARM PROGRAM DECISION TOOL Gary Schnitkey, Jonathan Coppess, Nick Paulson University of Illinois http://farmbilltoolbox.farmdoc.illinois.edu/ DEVELOPMENT & OUTREACH COALITION University of Illinois Watts
More informationRisk Management Agency
Risk Management Agency Larry McMaster, Senior Risk Management Specialist Jackson Regional Office Jackson, MS February 3, 2015 USDA is an Equal Opportunity Provider and Employer This presentation highlights
More informationSteven D. Johnson. What s Different in Crop Insurance?
February 2015 Steven D. Johnson Farm & Ag Business Management Specialist (515) 957-5790 sdjohns@iastate.edu www.extension.iastate.edu/polk/farm-management What s Different in Crop Insurance? Lower Projected
More informationSupplemental Revenue Assistance Payments Program (SURE): Montana
Supplemental Revenue Assistance Payments Program (SURE): Montana Agricultural Marketing Policy Center Linfield Hall P.O. Box 172920 Montana State University Bozeman, MT 59717-2920 Tel: (406) 994-3511 Fax:
More informationFarm Bill Meeting Cape County
Farm Bill Meeting Cape County David Reinbott Agriculture Business Specialist P.O. Box 187 Benton, MO 63736 (573) 545-3516 http://extension.missouri.edu/scott/agriculture.aspx reinbottd@missouri.edu 1.
More informationFARM BILL UPDATE WHAT CAN WISCONSIN EXPECT?
FARM BILL UPDATE WHAT CAN WISCONSIN EXPECT? Paul D. Mitchell Agricultural and Applied Economics University of Wisconsin, Madison, WI, USA Farm Management Update for Ag Professionals Kimberly, WI September
More informationThe 2014 U.S. Farm Bill: DDA Implications of Increased Countercyclical Support and Reliance on Insurance
IFPRI The 2014 U.S. Farm Bill: DDA Implications of Increased Countercyclical Support and Reliance on Insurance David Orden Presented at the EC DG Trade Workshop US farm policy and its implications on the
More informationARC vs. PLC Enrollment Decisions
ARC vs. PLC Enrollment Decisions April 2014 Steven D. Johnson Farm & Ag Business Management Specialist (515) 957-5790 sdjohns@iastate.edu www.extension.iastate.edu/polk/farm-management FSA Commodity Crop
More informationEconomic Conditions & the Title 1 Programs
Economic Conditions & the Title 1 Programs By Mykel Taylor Kansas State University mtaylor@ksu.edu and AgManager.info 785-532-3033 Current Economic Conditions Returns to Farming Source: KFMA Enterprise
More informationFarm Bill Meeting Bollinger County
Farm Bill Meeting Bollinger County David Reinbott Agriculture Business Specialist P.O. Box 187 Benton, MO 63736 (573) 545-3516 http://extension.missouri.edu/scott/agriculture.aspx reinbottd@missouri.edu
More information12/14/2009. Goals Today. Introduction. Crop Insurance, the SURE Disaster Assistance Program, and Farm Risk Management
Crop Insurance, the SURE Disaster Assistance Program, and Farm Risk Management Rod M. Rejesus Assistant Professor and Extension Specialist Dept. of Ag. and Resource Economics NC State University Goals
More information2014 FARM BILL COMMODITY PROGRAMS AND DECISION TOOLS
2014 FARM BILL COMMODITY PROGRAMS AND DECISION TOOLS Dr. Jody Campiche Dr. Eric DeVuyst OSU Extension Commodity Programs FSA Option to Reallocate Base Owners Option to Update Yields Owners Crop Insurance
More informationShould Basic Underwriting Rules be Applied to Average Crop Revenue Election and Supplemental Revenue?
Journal of Agricultural and Applied Economics, 42,3(August 2010):517 535 Ó 2010 Southern Agricultural Economics Association Should Basic Underwriting Rules be Applied to Average Crop Revenue Election and
More informationPLC OR ARC? FARM BILL PROGRAM SIGN-UP AND DECISION AIDS
PLC OR ARC? FARM BILL PROGRAM SIGN-UP AND DECISION AIDS Katie Pfeiffer Sauk County UW Extension Agriculture Agent 608-355-3257 Katie.pfeiffer@ces.uwex.edu Multi-Step Process with Different Deadlines Step
More informationStrickler Insurance Update
2017 Crop Insurance Update Strickler Insurance Update February 22, 2017 2017 Crop Insurance Update Entities Conservation Compliance Acreage Reporting by CLU and Uninsurable acreage Units Revenue Protection
More informationCrop Insurance for Milk? Dairy-Revenue Protection
Crop Insurance for Milk? Dairy-Revenue Protection Dr. John Newton jnewton@fb.org American Farm Bureau Federation 1 Congress Projected Annual Average Crop Market Value Dairy is the 3 rd Biggest Crop Billion
More informationThe Economics of ARC vs. PLC
University of Nebraska - Lincoln DigitalCommons@University of Nebraska - Lincoln Cornhusker Economics Agricultural Economics Department 2-4-2015 The Economics of ARC vs. PLC Bradley D. Lubben University
More informationAgricultural Act of 2014
Farm Bill Cash Flow 2017 Outlook Conference for Agricultural Lenders Grand Forks Oct. 16 Fargo Oct. 31 Andrew Swenson Extension Farm Management Specialist Department of Agribusiness and Applied Economics
More informationCrop Insurance & the 2012 Drought. Whitney Wiegel Ag Business Specialist MU Extension
Crop Insurance & the 2012 Drought Whitney Wiegel Ag Business Specialist MU Extension wiegelw@missouri.edu 14-Day Observed Precipitation (valid 9/10/2012) http://droughtmonitor.unl.edu/dm_state.htm?mo,mw
More informationFactors to Consider in Selecting a Crop Insurance Policy. Lawrence L. Falconer and Keith H. Coble 1. Introduction
Factors to Consider in Selecting a Crop Insurance Policy Lawrence L. Falconer and Keith H. Coble 1 Introduction Cotton producers are exposed to significant risks throughout the production year. These risks
More informationTHE FARM BILL AND THE WESTERN HAY INDUSTRY. Western States Alfalfa and Forage Symposium November 29, 2017 Reno, Nevada
THE FARM BILL AND THE WESTERN HAY INDUSTRY Western States Alfalfa and Forage Symposium November 29, 2017 Reno, Nevada Daniel A. Sumner and William A. Matthews University of California Agricultural Issues
More information2014 Farm Bill Update. International Crop Expo February 19, 2015
2014 Farm Bill Update International Crop Expo February 19, 2015 Decisions Operators and Owners Need to Make Yield Update Base Reallocation Choice of Safety Net Yield Update Everyone should attempt to update
More informationEXAMPLE OF PLC, PLC WITH SCO, AND ARC-CO
EXAMPLE OF PLC, PLC WITH SCO, AND ARC-CO Prof. Howard Leathers University of Maryland Maryland Agricultural Extension 1 Our website: http://www.arec.umd.edu/extension/crop-insurance Wheat in Northumberland
More informationThe 2018 Farm Bill: Overview & Outlook
The 2018 Farm Bill: Overview & Outlook Jonathan Coppess & Nick Paulson www.farmdocdaily.illinois.edu www.farmdoc.illinois.edu 2018 FARM BILL. CBO BASELINE $90,000 $80,000 $70,000 $60,000 $50,000 $40,000
More informationFARM PROGRAM DECISION TOOL
FARM PROGRAM DECISION TOOL Gary Schnitkey, Jonathan Coppess, Nick Paulson University of Illinois http://farmbilltoolbox.farmdoc.illinois.edu/ DEVELOPMENT & OUTREACH COALITION University of Illinois Watts
More information2014 Farm Bill Provisions and WTO Compliance
2014 Farm Bill Provisions and WTO Compliance Randy Schnepf Specialist in Agricultural Policy December 8, 2014 Congressional Research Service 7-5700 www.crs.gov R43817 Summary The enacted 2014 farm bill
More information2018 Farm Bill Economic Principles and Policy Challenges
2018 Farm Bill Economic Principles and Policy Challenges Bradley D. Lubben Ph.D. Extension Associate Professor, Policy Specialist, Faculty Fellow, Rural Futures Institute, and Director, North Central Extension
More informationWhy has Crop Insurance Changed from an Unpopular Policy to the Farmer Preferred Policy?
What Coverage Fits My Farm? Dr. G.A. (Art) Barnaby Kansas State University Dr. Art Barnaby was raised on a diversified farm, located in Elk County, Kansas. Art received his B.S. degree from Fort Hays State
More informationCounter-Cyclical Farm Safety Nets
Counter-Cyclical Farm Safety Nets AFPC Issue Paper 01-1 James W. Richardson Steven L. Klose Edward G. Smith Agricultural and Food Policy Center Department of Agricultural Economics Texas Agricultural Experiment
More informationThe Margin Protection Program for Dairy in the 2014 Farm Bill (AEC ) September 2014
The Margin Protection Program for Dairy in the 2014 Farm Bill (AEC 2014-15) September 2014 Kenny Burdine 1 Introduction: The Margin Protection Program for Dairy (MPP-Dairy) was authorized in the Food,
More informationFrequently Asked Questions 2016 Enrollment Update Margin Protection Program
Frequently Asked Questions 2016 Enrollment Update Margin Protection Program Registration and Coverage Selection Who is eligible to participate in the program? All dairy operations producing milk commercially
More informationFarm Safety Net Programs: Background and Issues
Cornell University ILR School DigitalCommons@ILR Federal Publications Key Workplace Documents 8-21-2015 Farm Safety Net Programs: Background and Issues Dennis A. Shields Congressional Research Service
More informationAgricultural Risk Coverage County (ARC CO) vs. Price Loss Coverage (PLC)
Agricultural Risk Coverage County (ARC CO) vs. Price Loss Coverage (PLC) Carl Zulauf, Ohio State University, November 2014 The 2014 farm bill gives Farm Service Agency (FSA) farms a 1 time opportunity
More informationAAE 320 Spring 2013 Final Exam Name: 1) (20 pts. total, 2 pts. each) 2) (17 pts. total) 2a) (3 pts.) 2b) (3 pts.)
AAE 320 Spring 2013 Final Exam Name: 1) (20 pts. total, 2 pts. each) True or False? Mark your answer. a) T F Wisconsin s vegetable processing industry (green beans, sweet corn, potatoes) may be important
More informationPolicies Revenue Protection (RP) Yield Protection (YP) Group Risk Income Protection (GRIP) Group Risk Protection (GRP)
Policies Revenue Protection (RP) Yield Protection (YP) Group Risk Income Protection (GRIP) Group Risk Protection (GRP) RP What is Revenue Protection? A Revenue Protection (RP) policy protects a policyholder
More informationMargin Protection Program for Dairy Producers (MPP-Dairy) Dr. Marin Bozic
Margin Protection Program for Dairy Producers (MPP-Dairy) Dr. Marin Bozic 2 Major Dairy Provisions of the Agricultural Act of 2014 REPEALED NEW Milk Income Loss Contract Dairy Product Price Support Program
More informationWORKSHOP OUTLINE Pre-Test Production Risk MPCI & IP Insurance Products Specific Crops Diversification Issues Price Risk Diversification
WORKSHOP OUTLINE 1. Pre-Test 2. Production Risk a. MPCI & IP Insurance Products b. Specific Crops 3. Diversification Issues a. Price Risk b. Diversification 4. Product Availability 5. Evaluation 1 Sugar
More informationWorking Party on Agricultural Policies and Markets
Unclassified TAD/CA/APM/WP(2017)1/FINAL TAD/CA/APM/WP(2017)1/FINAL Unclassified Organisation de Coopération et de Développement Économiques Organisation for Economic Co-operation and Development 24-May-2017
More informationTodd D. Davis John D. Anderson Robert E. Young. Selected Paper prepared for presentation at the. Agricultural and Applied Economics Association s
Evaluating the Interaction between Farm Programs with Crop Insurance and Producers Risk Preferences Todd D. Davis John D. Anderson Robert E. Young Selected Paper prepared for presentation at the Agricultural
More informationThe 2014 Farm Bill. Program Selection Mitchell County. Neil Cates Livestock Extension Agent Post Rock Extension District #1
The 2014 Farm Bill Program Selection Mitchell County Neil Cates Livestock Extension Agent Post Rock Extension District #1 1 Disclaimer This information is based on my understanding of the 2014 Farm Bill
More informationThe Agricultural Act of 2014
NATIONAL AFFAIRS COMMITTEE Adopted at the 90 th Annual Convention Ritz Carlton-South Beach, Miami Beach, FL May 2, 2014 1. With the new Agriculture Act of 2014 that we be mindful of payment limits and
More informationCombined SUpplemental REvenue (SURE), Average. Combined SUpplemental REvenue (SURE), with Other Risk Management Tools
Combined SUpplemental REvenue (SURE), with Other Risk Management Tools Combined SUpplemental REvenue (SURE), Average Crop Revenue Election (ACRE), & Crop Insurance DR. G. A. ART BARNABY, JR. KANSAS STATE
More informationFarm Bill Overview.
Farm Bill Overview www.cropcoverage.com Williamson Insurance Agency and it s agents are not authorized to advise which FSA program a producer should enroll. The purpose of this overview is to provide additional
More informationCrop Insurance for Cotton Producers: Key Concepts and Terms
Crop Insurance for Cotton Producers: Key Concepts and Terms With large investments in land, equipment, and technology, cotton producers typically have more capital at risk than producers of other major
More informationMargin Protection Program for Dairy
Farm Service Agency MPP-DAIRY FACT SHEET April 2018 Margin Protection Program for Dairy Overview The Margin Protection Program for Dairy (MPP-Dairy) is a voluntary risk management program for dairy producers
More informationKeith Coble Giles Distinguished Professor Agricultural Risk Policy & Insurance Collaboratory
The Future of Crop Insurance and Farm Safety Nets Keith Coble Giles Distinguished Professor coble@agecon.msstate.edu @DrKeithHCoble Agricultural Risk Policy & Insurance Collaboratory Where I am coming
More informationMargin Protection Program (MPP-Dairy) ONLINE DECISION T L
DNMC Dairy Summit 214 Margin Protection Program (MPP-Dairy) ONLINE DECISION T L John Newton University of Illinois 217-3-11 jcnewt@illinois.edu @New1_AgEcon Professional Background USDA, Ag. Economist
More informationd) T F GRP is the most popular crop insurance policy in Wisconsin for corn and soybeans, especially for small farms.
AAE 320 Spring 2011 Final Exam Name: 1) (20 pts.) True or False? Mark your answer. a) T F Wisconsin s processing vegetable industry may be important in the state, but nationally it ranks quite low. b)
More informationThe Common Crop (COMBO) Policy
The Common Crop (COMBO) Policy Agricultural Marketing Policy Center Linfield Hall P.O. Box 172920 Montana State University Bozeman, MT 59717-2920 Tel: (406) 994-3511 Fax: (406) 994-4838 Email: ampc@montana.edu
More informationKeith Collins and Harun Bulut, NCIS
212 TODAYcrop insurance Farm Bill Debate Crop Insurance Takes Center Stage Keith Collins and Harun Bulut, NCIS Agricultural and food policy has undergone intense scrutiny during 212 as Congress has tried
More information