From Washington, the House Committee on Agriculture Chairman Glenn G.T. Thompson from Pennsylvania and Senate Committee Chairman John Boozman of Arkansas said they are championing the vital investments of $13.8 billion in the Farm Safety Net program through the Working Families Tax Cuts that are being administered by the Farm Service Agency.
They issued a statement saying that farming is an inherently risky business. American producers need adequate risk management tools that deliver certainty and predictability to continue growing our food and fiber. After years of operating under an outdated Farm Safety Net, Congressional Republicans have delivered and enhanced policies to protect and manage against market volatility and diminished yields.
These updates are the first meaningful investments in the Farm Safety Net program since 2002. The Working Families Tax Cut now will provide $13.8 billion in ARC programs and PLC price loss coverage, more than double what farmers were expecting to receive. That’s good news at the farm level.
FSA, Farm Service Agency, will be distributing those funds during October.
Audio Reporting by Tyron Spearman for Southeast AgNet.