February 21, 2020

Farm Bill; Ag Economy; and Trade

Farm Bill: Policy Ideas

DTN Political Correspondent Jerry Hagstrom reported on Friday (link requires subscription) that, “Senate Budget Committee Chairman Kent Conrad is developing a crop revenue guarantee program that would make payments to crop farmers who experience ‘shallow revenue losses’ in their whole farm incomes due to reduced yields, quality and prices, top Conrad budget aide Jim Miller said in an interview with DTN on Thursday.

“The program being crafted by Conrad, D-N.D., would combine the programs and budget for the Average Crop Revenue Election program known as ACRE, the countercyclical program, and the Supplemental Revenue Assistance program known as SURE. The plan also assumes that direct payments would be reduced 50%, Miller said.

Miller said direct payments could be cut by halving either the acreage or the payment, but that replacing them ‘would require a transition.’”