Farm Bill Draft from Ag CommitteesPublished by on
Ahead of Tuesday's scheduled markup, the Senate Ag Committee has released a draft of its proposed farm bill. American Soybean Association President Danny Murphy welcomed the draft, saying, "Importantly, the draft released by the Committee would protect and strengthen crop insurance as well as ensure that a target price program to protect growers from low prices remains decoupled from current planting decisions, thus avoiding the possibility of production distortions. Combined with a revenue protection program similar to that included in last year’s Senate bill, the proposed legislation takes significant steps to provide farmers with effective risk management programs while protecting planting flexibility and avoiding planting distortions. "
The bill draft consists of 1,102 pages, but it also highlights reauthorization and funding of the Foreign Market Development Cooperator Program and Market Access Program, funding for conservation programs applied to working lands, reauthorization and funding for important bio-based and bioenergy programs, and support for agricultural research among other items.
In addition, ahead of Wednesday's scheduled markup, the House Ag Committee released a draft of its proposed farm bill with a preliminary score of $39.7 bill in savings over ten years. If you remember glossing over highlights of last year's House Ag Committee farm bill, it is very much the same, although there are a few slight changes in cuts due to budget constraints.