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Wednesday, January 24, 2018

NFU Calls for Farm Bill Spending Boost to Make Program Changes

The next farm bill needs to "strengthen the safety net so that farmers and ranchers can manage risk, stay in business and continue to feed our country," according to a resolution approved by the National Farmers Union (NFU). The group noted farmers are "not only suffering from price pressure that has reduced net farm income by half over the last four years, but devastating wildfires, hurricanes, and other natural disasters continue to punish agricultural communities," NFU stated. "Trade policies continue to promote the sale of farm products at prices below the cost of production."

Among efforts NFU wants to see in the next farm bill are to increase reference prices under the Price Loss Coverage (PLC) program to account for the cost of production, keep a strong crop insurance program, make cotton a covered commodity under the commodity title of the bill and an supply management program for dairy. While calling for more funding, odds are low that will be the case and the group also does not signal what the cost to their 14-point wish list would be.