Crop Insurance
With Congress passing another extension, some economists suggest a new reality may be setting in: the era of comprehensive Farm Bills could be ending, replaced by a piecemeal approach in Washington.
In addition to major tax provisions, the bill enhances the current safety net, providing $66 billion in new spending for farm programs.
While the 1,000-page bill includes spending increases for agriculture-facing programs by $56.6 billion over the next decade, there’s one major priority that didn’t make it into the House’s version.
According to the Department of Government Efficiency website, these offices are located in 40 states, and the total savings from this move would add up to more than $60 million.
Chris Barron with Ag View Solutions joins the Top Producer podcast and explains that to double down on your cost of production this year, you should really be maximizing yield and profit potential.
Tara Smith, executive vice president of Torrey Advisory Group, joins the Top Producer podcast to discuss being an advocate for ag in Washington D.C., the future of the Farm Bill and the importance of crop insurance.
The deadline to make your crop insurance decisions is coming soon, and Dave Jansen with Strategic Farm Marketing says there have been major changes to this year’s products.
Experts from Compeer Financial say last year’s coverage might not be adequate for this year’s cost of production, and coverage might not have the same effect it did last year or even two years ago.
Trump recently signed three executive orders imposing tariffs on Canada, Mexico and China. This marks the first time a president has used powers granted under the International Emergency Economic Powers Act of 1977.