FarmPolicy

May 27, 2017

Senate Farm Bill Draft; Chairman Lucas; Ag Economy; and Regulatory Issues

Farm Bill: Senate Ag Committee Farm Bill Draft

DTN Ag Policy Editor Chris Clayton reported on Friday that, “Farmers will have to choose between a commodity program based on their individual farm or one that factors in countywide yield and income.

“Senate Agriculture Committee Chairwoman Debbie Stabenow, D-Mich., on Friday released a 900-page ‘chairman’s mark’ of the farm bill for the full committee to debate or amend. The committee is set to meet on Wednesday to consider the legislation.

“The Senate bill is expected to save $23 billion over 10 years compared to the baseline spending on the current farm and food programs. Stabenow’s bill would eliminate direct and counter-cyclical payments, as well as the Average Crop Revenue Election program, or ACRE. Lawmakers were pushing for farm-program changes that would score at least $15 billion in budget savings over 10 years.”

(more…)