Baucus Proposes Ag Disaster Aid

July 13, 2012 04:05 AM
 

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Wants one-year extension of controversial SURE program and three aid programs for livestock producers

It was just a matter of time before a farm-state lawmakers sought farm disaster aid, despite nearly $11 billion being paid out already for 2011 crops via the crop insurance program, and payments expected to be robust for 2012 crops as the US government subsidizes crop insurance premiums by up to 62 percent.

The latest ag disaster call comes from Senate Finance Chairman Max Baucus (D-Mont.) for disaster aid, including a one-year extension of the SURE disaster assistance program, which expired last year, and three aid programs for livestock producers.

USDA information about SURE - link.

Link to GAO report on SURE.

Baucus said the requested aid would cover 2012 crop and livestock losses from Western wildfires and the drought that is sweeping a big portion of key Midwest corn and soybean states.

No budget offset was proposed for the measure.

Along with SURE, the bill would extend the Livestock Indemnity Program, which compensates ranchers for animals that die, as well as the Livestock Forage Program and the Emergency Livestock Assistance Program.

The Supplemental Revenue Assistance (SURE) program was created by the 2008 Farm Billl but funded only through Fiscal Year 2011. The program is controversial for several reasons,including a separate $100,000 payment cap.


 

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