December 15, 2019

Farm Bill and Policy Issues; Ag Economy; and Regulations (MF Global)

Farm Bill and Policy Issues

Paula Peterson reported late last week at the Altus Times Online (Altus, Okla.) that, “With the deficit exploding, [House Agriculture Committee Chairman Frank Lucas (R., Okla.)] said we need a safety net for our food system. This Farm Bill will be different, with a focus on crop insurance. The Direct Payment plan is not ‘do-able’ anymore. Some are talking about having revenue insurance, but that’s hard to make equitable for all regions.

“Lucas said conditions in Washington are not conducive to getting things accomplished right now. The House is controlled by the Republicans, the Democrat President is on the liberal side, and the Senate is 53 to 47.”