This document provides an overview and summary of the 2012 Farm Bill. It discusses the context around federal farm policy, conservation policy, and commodity production policies. Key points include: the Farm Bill is reauthorized every 5 years; conservation funding and programs have faced significant budget cuts; crop insurance has replaced commodity subsidies as the dominant form of agricultural support; and balancing priorities around conservation, rural economic development, and risk management will be challenges in developing new farm policy.
University of Minnesota, Colloquium in Sustainable Agriculture:
presentation on federal Farm Bill policy. Commodity, conservation, and risk management programs--including CFAP and MFP--in context of current conditions affecting agriculture.
Review of federal farm policies in the context of current conditions in agriculture relative to economic, market and environmental factors in anticipation of crafting the 2018 Farm Bill.
Presentation on Farm Bill policies and programs examining the 2014 Farm Act and prior law relative to current conditions in agriculture and drafting the 2018 bill.
Overheads with excerpts from 2009 study by Chris Edwards of Cato Institute on Agricultural Subsidies. www.downsizinggovernment.org/agriculture/subsidies
University of Minnesota, Colloquium in Sustainable Agriculture:
presentation on federal Farm Bill policy. Commodity, conservation, and risk management programs--including CFAP and MFP--in context of current conditions affecting agriculture.
Review of federal farm policies in the context of current conditions in agriculture relative to economic, market and environmental factors in anticipation of crafting the 2018 Farm Bill.
Presentation on Farm Bill policies and programs examining the 2014 Farm Act and prior law relative to current conditions in agriculture and drafting the 2018 bill.
Overheads with excerpts from 2009 study by Chris Edwards of Cato Institute on Agricultural Subsidies. www.downsizinggovernment.org/agriculture/subsidies
This presentation takes you through Prospects and insights of Crop Insurance. Solicitation of Business, Operation Features, challenges and Technological Interventions related Crop Insurance are shown.
Description and analysis of federal agricultural policy in the U.S. in 2019. Examining context in terms of current conditions, trade and climate challenges with focus on policy areas of commodity supports, conservation, and crop insurance.
Presentation by P Joseph, Agriculture Insurance Company, on crop insurance in India at the CCAFS Workshop on Institutions and Policies to Scale out Climate Smart Agriculture held between 2-5 December 2013, in Colombo, Sri Lanka.
Modeling and Estimation of loss function for crop Insurance under Indian scen...Anil k. Suthar
This is a slide representation of my work in Crop insurance domain. I consider here crop insurance scheme for Indian scenario specially for Hanumangarh District of Rajasthan, India for 3 crop.
Government run crop yield insurance scheme, procurement at minimum support prices and calamity relief funds are the major instruments being used to protect the Indian farmer from agricultural variability. However, crop insurance covers only about 10% of sown area and suffers from an adverse claims to premium. There are problems with both the design and delivery of crop insurance schemes. These problems could be overcome with rainfall insurance with a well developed rainfall measurement infrastructure. Private and public insurers are currently experimenting with rainfall insurance products. Given the current levels of yield and rainfall variability the actuarially fair premium rates are likely to be high and in many cases unattractive or unaffordable. Instead of adopting the easy and unsustainable route of large subsidies, in the long term the government should consider risk mitigation through improvements in the irrigation and water management infrastructure.
“A leader takes people where they want to go. A great leader takes people where they don’t necessarily want to go, but ought to be.” — First Lady Rosalynn Carter
“Do what you feel in your heart to be right–for you’ll be criticized anyway.” — First Lady Eleanor Roosevelt
“It is better to lead from behind and to put others in front, especially when you celebrate victory when nice things occur. You take the front line when there is danger. Then people will appreciate your leadership.” — Nelson Mandela
by Pramod Aggarwal, CGIAR Program on Climate Change, Agriculture, and Food Security. Presented at seminar on Insuring the future of farmers under climate change. London, UK. 28 January 2015. Learn more: http://ccafs.cgiar.org/weather-index-based-insurance
It includes the condition of Agricultural Insurance before the independence and after the independence and currently running insurance scheme in 2015-16.
Technological developments and strategies to prevent soil depletion Syngenta
A perspective from Syngenta's Head of Environmental Policy Romano DeVivo on the importance of soil health and fertility. Improving farming practices on the ground is not only key to making progress towards the environmental targets embedded in the SDGs but also to addressing multiple social and economic targets that depend on the benefits that ecosystems provide to people.
Powerpoint presentation on the 2012 Farm Bill process and agricultural policy and market conditions influencing the legislation. Presented at multiple events throughout Missouri in April and May 2011.
This presentation takes you through Prospects and insights of Crop Insurance. Solicitation of Business, Operation Features, challenges and Technological Interventions related Crop Insurance are shown.
Description and analysis of federal agricultural policy in the U.S. in 2019. Examining context in terms of current conditions, trade and climate challenges with focus on policy areas of commodity supports, conservation, and crop insurance.
Presentation by P Joseph, Agriculture Insurance Company, on crop insurance in India at the CCAFS Workshop on Institutions and Policies to Scale out Climate Smart Agriculture held between 2-5 December 2013, in Colombo, Sri Lanka.
Modeling and Estimation of loss function for crop Insurance under Indian scen...Anil k. Suthar
This is a slide representation of my work in Crop insurance domain. I consider here crop insurance scheme for Indian scenario specially for Hanumangarh District of Rajasthan, India for 3 crop.
Government run crop yield insurance scheme, procurement at minimum support prices and calamity relief funds are the major instruments being used to protect the Indian farmer from agricultural variability. However, crop insurance covers only about 10% of sown area and suffers from an adverse claims to premium. There are problems with both the design and delivery of crop insurance schemes. These problems could be overcome with rainfall insurance with a well developed rainfall measurement infrastructure. Private and public insurers are currently experimenting with rainfall insurance products. Given the current levels of yield and rainfall variability the actuarially fair premium rates are likely to be high and in many cases unattractive or unaffordable. Instead of adopting the easy and unsustainable route of large subsidies, in the long term the government should consider risk mitigation through improvements in the irrigation and water management infrastructure.
“A leader takes people where they want to go. A great leader takes people where they don’t necessarily want to go, but ought to be.” — First Lady Rosalynn Carter
“Do what you feel in your heart to be right–for you’ll be criticized anyway.” — First Lady Eleanor Roosevelt
“It is better to lead from behind and to put others in front, especially when you celebrate victory when nice things occur. You take the front line when there is danger. Then people will appreciate your leadership.” — Nelson Mandela
by Pramod Aggarwal, CGIAR Program on Climate Change, Agriculture, and Food Security. Presented at seminar on Insuring the future of farmers under climate change. London, UK. 28 January 2015. Learn more: http://ccafs.cgiar.org/weather-index-based-insurance
It includes the condition of Agricultural Insurance before the independence and after the independence and currently running insurance scheme in 2015-16.
Technological developments and strategies to prevent soil depletion Syngenta
A perspective from Syngenta's Head of Environmental Policy Romano DeVivo on the importance of soil health and fertility. Improving farming practices on the ground is not only key to making progress towards the environmental targets embedded in the SDGs but also to addressing multiple social and economic targets that depend on the benefits that ecosystems provide to people.
Powerpoint presentation on the 2012 Farm Bill process and agricultural policy and market conditions influencing the legislation. Presented at multiple events throughout Missouri in April and May 2011.
Examination of the design and funding of federal agricultural policies, focusing on Farm Bill law within a context of the contemporary economic and political environment.
The 2012 U.S. Farm Bill: History, Problems and Opportunities for Reform. Overheads from two publications on current agricultural policy, and opportunities for reform.
2014 Farm Bill OverviewA new farm law, the Agricultura.docxvickeryr87
2014 Farm Bill Overview
A new farm law, the Agricultural Act of 2014 (2014 Farm Act), was signed on February 7, 2014, and will remain in force through 2018—and in the case of some provisions, beyond 2018.
The 2014 Farm Act makes major changes in commodity programs, adds new crop insurance options, streamlines conservation programs, modifies some provisions of the Supplemental Nutrition Assistance Program (SNAP), and expands programs for specialty crops, organic farmers, bioenergy, rural development, and beginning farmers and ranchers.
I. Commodity Programs
Repeals Direct Payments, Countercyclical Payments, and the Average Crop Revenue Election (ACRE) program.
Creates two new programs—Price Loss Coverage (PLC) and Agriculture Risk Coverage (ARC). Producers of covered commodities can choose to enroll in one of the two programs.
Upland cotton producers are not eligible for PLC or ARC, but they are eligible for a new crop insurance product under Title XI—the Stacked Income Protection Plan (STAX). Cotton producers will receive transition payments while new STAX policies are implemented (see Crop Insurance Overview for further details).
Revises payment limitations and adjusted gross income eligibility rules.
Continues the marketing assistance loan program unchanged, except for an adjustment in the loan rate for upland cotton.
Continues the sugar program unchanged
Price Loss Coverage
Payments are provided to producers with base acres of wheat, feed grains, rice, oilseeds, peanuts, and pulses (covered commodities) on a commodity-by-commodity basis when market prices fall below the reference price.
The payment rate is the difference between the reference price and the annual national-average market price (or marketing assistance loan rate, if higher). For each covered commodity enrolled on the farm, the payment amount is the payment rate, times 85 percent of base acres of the commodity, times payment yield.
PLC Reference Prices
Agriculture Risk Coverage (ARC)
Producers may choose county-based or individual coverage. For producers choosing county-based ARC, payments are provided to producers with base acres of covered commodities on a commodity-by-commodity basis when county crop revenue (actual average county yield times national farm price) drops below 86 percent of the county benchmark revenue (5-year Olympic average county yield times 5-year Olympic average of national price or the reference price—whichever is higher for each year), calculated separately for irrigated and non-irrigated crops.
Payment Limitations
Payments are limited to $125,000 for each individual actively engaged in farming, without specific limits for individual programs.
A spouse may receive an additional $125,000. The limitation is applied to the total of payments for covered commodities from the PLC and ARC programs, and marketing loan gains and loan deficiency payments under the marketing assistance loan program
Adjusted Gross Income Limitation
Th.
* Describe the factors leading to increased dependence on agricultural insurance
* Recognize the operational risks faced by farms due to falling prices and loss of insurance
* Explain the benefits of linking Farm Management System with crop insurance
* Identify the insurance selling opportunities
Written Statement of W. Scott Marlow: Subcommittee on Commodities and Risk Ma...RAFI-USA
Written Statement of W. Scott Marlow
Director of Farm Sustainability Program
The Rural Advancement Foundation International – USA
To the House Agriculture Committee Subcommittee on Commodities and Risk Management Hearing
May 14, 2007
This webinar looked at how governments can catalyse the development of agriculture insurance markets through a variety of interventions such as the provision, administration and management of subsidies, support for developing infrastructure for effective implementation of insurance programmes, investment in collection and sharing of data and customer education. It also looked at the government's role in developing enabling regulations and using insurance as a part of their social protection and agriculture development agendas. This webinar was organized together with the WBG's Global Index Insurance Facility, the USAID & Basis/I4-supported Global Action Network for agriculture insurance.
Speakers: Lena Heron (USAID), Peter Wrede (the World Bank) and Vincent Tithinji Ngari (Government of Kenya).
After completing this module, you will:
- Describe the farm structure of US Production
- Explain how US farms operate under federal and state frameworks to combat falling prices
- Explain the concept of Farm Management Systems
- Recognize the scope of technology adoption by farms
Dr. Kolli Rao of Aon Benfield/IRICS presented on index-based crop insurance in India at the workshop on Mobilizing a CGIAR Agricultural Insurance Community in Washington, DC, 20-22 January 2014, hosted by the International Food Policy Research Institute and the CGIAR Research Program on Climate Change, Agriculture and Food Security (CCAFS). Read more about CCAFS work on index-based weather insurance: http://bit.ly/Ll7Z7Z
Download the policy brief: Climate Finance for Agriculture and Livelihoods - http://bit.ly/12GmMN6
Read the blog: Climate finance that makes sense to farmers - http://bit.ly/108LkzM
The Decline of Farming in Iowa: Part 2: Farmer ImpactsBrad Wilson
In Part 1 we looked at the decline in the diversity of crops and livestock in Iowa as a result of the lowering and eliminating of minimum farm Price Floor programs, with an eye to environmental impacts. Here we look at Census of Agriculture data on farm operators, to see how the macro reductions in farm income impacted these statistics. Especially important here are statistics on the decline of "farming" as the primary occupation of farmers, increases in the number of days worked off the farm, and increases in the proportion of farm household income from non-farm sources. These are all changes that are found in surviving farmers, and they reflect coping strategies for dealing with the huge declines in farm income resulting from Congress's reduction and elimination of minimum farm Price Floor and Supply Management policies and programs. Among the consequences of these changes is that the surviving farmers were left with much less labor for doing the farming, even as they had much more capital available, relative to the amount of income from farming itself. This too changed farming in ways that damaged the environment, damaged rural communities, and further damaged the farm economy.
Apresentação intitulada "Crédito e seguro rural", proferida por Priscila Souza, Analista Sênior da Climate Policy Inititative Brasil , no Seminário Internacional Oportunidades de Negócios para uma Economia Rural Sustentável: A Contribuição das Florestas e da Agricultura, realizado nos dias 14 e 15 de maio de 2019.
This presentation addresses options to make public support for to agriculture climate smart. The presentation was held by Martien van Nieuwkoop, Director of Agriculture Global Practice at the World Bank at the Food Systems Finance Advantage event, part of the Agriculture Advantage 2.0 series at COP24.
Details and descriptions of farm policy and programs in 2018 Farm Bill (Agriculture Improvement Act); special focus on commodity and dairy, conservation, crop insurance.
Background and participation information for State Technical Committees: U.S. Department of Agriculture's volunteer advisory committees on federal farm conservation programs and practices.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Presentation by Jared Jageler, David Adler, Noelia Duchovny, and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies and Health Analysis Divisions, at the Association of Environmental and Resource Economists Summer Conference.
ZGB - The Role of Generative AI in Government transformation.pdfSaeed Al Dhaheri
This keynote was presented during the the 7th edition of the UAE Hackathon 2024. It highlights the role of AI and Generative AI in addressing government transformation to achieve zero government bureaucracy
Understanding the Challenges of Street ChildrenSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
Donate to charity during this holiday seasonSERUDS INDIA
For people who have money and are philanthropic, there are infinite opportunities to gift a needy person or child a Merry Christmas. Even if you are living on a shoestring budget, you will be surprised at how much you can do.
Donate Us
https://serudsindia.org/how-to-donate-to-charity-during-this-holiday-season/
#charityforchildren, #donateforchildren, #donateclothesforchildren, #donatebooksforchildren, #donatetoysforchildren, #sponsorforchildren, #sponsorclothesforchildren, #sponsorbooksforchildren, #sponsortoysforchildren, #seruds, #kurnool
This session provides a comprehensive overview of the latest updates to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly known as the Uniform Guidance) outlined in the 2 CFR 200.
With a focus on the 2024 revisions issued by the Office of Management and Budget (OMB), participants will gain insight into the key changes affecting federal grant recipients. The session will delve into critical regulatory updates, providing attendees with the knowledge and tools necessary to navigate and comply with the evolving landscape of federal grant management.
Learning Objectives:
- Understand the rationale behind the 2024 updates to the Uniform Guidance outlined in 2 CFR 200, and their implications for federal grant recipients.
- Identify the key changes and revisions introduced by the Office of Management and Budget (OMB) in the 2024 edition of 2 CFR 200.
- Gain proficiency in applying the updated regulations to ensure compliance with federal grant requirements and avoid potential audit findings.
- Develop strategies for effectively implementing the new guidelines within the grant management processes of their respective organizations, fostering efficiency and accountability in federal grant administration.
Monitoring Health for the SDGs - Global Health Statistics 2024 - WHOChristina Parmionova
The 2024 World Health Statistics edition reviews more than 50 health-related indicators from the Sustainable Development Goals and WHO’s Thirteenth General Programme of Work. It also highlights the findings from the Global health estimates 2021, notably the impact of the COVID-19 pandemic on life expectancy and healthy life expectancy.
2. 1. Federal Farm Policy
2. Conservation Policy in Context
3. Production Policy in Context
4. 2012 Farm Bill
2012 Farm Bill:
Context and Policies
3. Title I Commodity Programs
Title II Conservation
Title III Trade
Title IV Nutrition Programs
Title V Credit
Title VI Rural Development
Title VII Research
Title VIII Forestry
Title IX Energy
Title X Horticulture and Organic Agriculture
Title XI Livestock
Title XII Crop Insurance and Disaster Assistance
Title XIII Commodity Futures
Title XIV Miscellaneous
Title XV Tax Provisions
2008
Farm Bill reauthorized every 5 years--or will revert to 1949 law.
4. There are 3 means for delivering $ to agriculture via Farm Bill.
Commodity Subsidies, Conservation Programs, Crop Insurance.
2008-2012
5. USDA Nutrition - Spending:
►72% SNAP (food stamps).
►Non-Farm Bill:
National School Lunch Program;
Women, Infants and Children (WIC);
Child and Adult Care Food Program;
School Breakfast Program.
6. 1. Federal Farm Policy
2. Conservation Policy in Context
3. Production Policy in Context
4. 2012 Farm Bill
2012 Farm Bill:
Context and Policies
7. Conservation Title contains a
suite of programs.
Programs meet different
goals and utilize different
methods.
2012 Farm Bill baseline
WRP, GRP, other: $0
8. Land values, cash rents are
consistently climbing.
Conservation rental
payments, easement
purchases facing less land at
greater expense.
9. Title II cut by more than $6 billion in pending House & Senate Farm
Bills
Farm
Bill
Prog.
2003
Approps
2004
Approps
2005
Approps
2006
Approps
2007
Approps
2008
Approps
2009
Approps
2010
Approps
2011
Approps
2012
Approps
2013
Approps
CSP
Entitle.
status
revoked
Entitle.
status
restored
Cut $80
million
Cut $72
million
Cut $113
million -- -- --
Cut $39
million
Cut $75
million
Cut $63.8
million
EQIP
Cut $5
million
Cut $25
million
Cut $183
million
Cut $183
million
Cut $253
million
Cut $270
million
Cut $270
million
Cut $270
million
Cut $350
million
Cut $350
million
Cut $431
million
FRPP --
Cut $13
million
Cut $13
million
Cut $26
million
Cut $23
million -- -- -- --
Cut $50
million
Cut $11.6
million
GRP -- -- --
Out of
money
Out of
money
Out of
money -- -- --
Cut $30
million
Cut $1.86
million
WHIP --
Cut $18
million
Cut $38
million
Cut $42
million
Cut $42
million -- -- -- --
Cut $35
million
Cut $16.2
million
WRP
Cut $5
million
Cut $68
million
Cut $142
million
Cut $160
million
Cut $160
million -- -- --
Cut $119
million
Cut $200
million
Cut $33.5
million
Conservation investment is declining
10. Without USDA Conservation:
►450 million tons of topsoil lost every year.
►170,000 miles of unprotected streams.
►48 million more tons of carbon dioxide.
►40 million fewer acres of wildlife habitat.
►2.2 million fewer ducks.
11. The Conservation Compliance Covenant
Highly Erodible Land (HEL) Compliance, Sodbuster, Wetland Conservation (Swampbuster)
Public provides financial support via USDA payments.
Recipients protect soil and wetlands for the public.
Penalties are reduction or loss of farm program
payments for draining existing wetlands or not
maintaining soil protections.
Ducks Unlimited photo
NRCS photoNRCS photo
14. • Sodbuster no deterrent
• Payments, insurance
are incentive to convert
• Grassland conversion
counties netted double
insurance benefits of
other counties
15. Ducks Unlimited photo
Ducks Unlimited photo
Sodsaver
• Proposed Sodsaver provision:
Land without a cropping
history ineligible for Farm Bill
supports.
• Final Farm Bill: Applies to
crop insurance subsidies and
linked disaster payments;
ineligibility limited to Prairie
Pothole National Priority Area
at the election of ea. Governor
(IA, MN, SD, ND, MT)
16. 1. Federal Farm Policy
2. Conservation Policy in Context
3. Production Policy in Context
4. 2012 Farm Bill
2012 Farm Bill:
Context and Policies
17. CCP CYs 2010-12
Wheat $4.17/bu
Corn $2.63/bu
Grain sorghum $2.63/bu
Barley $2.63/bu
Oats $1.79/bu
Upland cotton $0.7125/lb
Long-grain rice $10.50/cwt
Medium-grain
rice
$10.50/cwt
Peanuts $495/ton
Soybeans $6.00/bu
Other oilseeds $12.68/cwt
Loan Rate CYs 2010-12
Wheat $2.94/bu
Corn $1.95/bu
Grain
sorghum
$1.95/bu
Barley $1.95/bu
Oats $1.39/bu
Long-grain
rice
$6.50/cwt
Medium-
grain rice
$6.50/cwt
Soybeans $5.00/bu
Other
oilseeds
$10.09/cwt
Upland
cotton
$0.52/lb
ELS cotton $0.7977/lb
Peanuts $355/ton
Commodity production supports paid on floor & target prices…
and at a standard rate de-coupled from production.
Direct Payment
rate
Wheat $0.52/bu
Corn $0.28/bu
Grain sorghum $0.35/bu
Barley $0.24/bu
Oats $0.024/bu
Upland cotton $0.0667/lb
Long-grain rice $2.35/cwt
Soybeans $0.44/bu
18. Direct and Countercyclical Payment Program
- planting provisions -
DCP paid on registered “base” for program crops…but
prohibits and penalizes fruit, vegetables, and tree nuts.
20. Consistently strong commodity prices preclude price-based
programs’ subsidy payments.
The Direct Payment Program dominant among all commodity
subsidies.
DPs facing serious scrutiny; Production ag organizations have
proposed eliminating and investing savings in Crop Insurance.
21. Federal Crop Insurance is subsidized for
producers and insurance companies.
National average is 62% of premium is paid
by subsidy, often even higher.
Crop Insurance exempted from compliance
in 1996 Farm Bill.
22. Participation in Crop
insurance is high across
major commodities.
Premiums and
indemnities have been
growing rapidly.
Source: FAPRI
23. The type of
insurance has also
undergone a change.
Source: FAPRI
24.
25.
26. 1. Federal Farm Policy
2. Conservation Policy in Context
3. Production Policy in Context
4. 2012 Farm Bill
2012 Farm Bill:
Context and Policies
27. 52 percent of total U.S. land is in agricultural
use.
Urban land use is 2.6 percent.
28. „12 Farm Bill baseline showed shift to insurance.
29. Subsidized risk reduction, without compliance checks and balances,
can incent unintended consequences:
Producers “leave” the farm
program to avoid compliance.
Producers
may take risks
with land or
practices.
30. Commodity program crop prices are high: production
subsidies largely absent, Crop Insurance is dominant.
Federal deficits are driving budget cuts; Conservation
programs are continually being cut; jobs/economy
driving federal policy
High crop prices and revenue guarantees can encourage
risk-taking (short term) and resource damage (long term).
The 2012 Farm Bill Convergence:
31. Farm numbers and sizes have changed, but not the
acreage.
32. Majority of rural counties in U.S. are losing population.
33. Protecting and enhancing natural
amenities—pleasant landscapes,
outdoor recreation, community life—
draws population and economic
vitality.
Natural amenities are highly
correlated with population and
employment growth—they even shape
agriculture. The number of farms has
increased in counties with high levels
of natural amenities.
-USDA
USDA photo
USDA photo
USDA photo
2012 Farm Bill Goal?
Prioritize Conservation
34. Require conservation compliance
for crop insurance premium subsidies;
Sodsaver provision.
Maintain unique purposes of
conservation programs; make
permanent baseline funding (as
enjoyed by Commodity & Insurance
Titles).
Achieving Conservation in 2012 Farm Bill:
Ducks Unlimited photo
35. S. 954, Agriculture Reform, Food and Jobs Act of 2013 H.R. 1947, the Federal Agriculture Reform and Risk Management
Act of 2013
• Direct payments are eliminated.
• Marketing loan rates do not change.
• Base Acres: Continues to make payments based on 85% of
historical planting, or base acreage.
• Adjusted Gross Income cap: $750,000
Adverse Market Payments (AMP)
• Payment rates 55% of 5yr oly-avg (no cotton; peanuts/rice set $)
Agriculture Risk Coverage (ARC)
• Revenue-based, price/yield 5yr oly-avgs, trigger 12% below
benchmark
Supplemental Coverage Option
• Insurance add-on, trigger between policy and SCO deductible
levels
• 65% premium pd
Stacked Income Protection Plan (STAX)
• Cotton-only insurance product, cnty revenue
• 80% premium pd
• Direct payments are eliminated’ except cotton 2-yr extension at
70%, 60%
• Marketing loan rates do not change.
• Planted Acres: bill pays on 85% of planted acreage.
• Adjusted Gross Income cap: $950,000
Price Loss Coverage (PLC)
• Barley, $4.95 per bushel
• Corn, $3.70 per bushel
• Grain sorghum, $3.95 per bushel
• Peanuts, $535 per ton
• Rice, $14 cwt
• Soybeans, $8.40 per bushel
• Wheat, $5.50 per bushel
Revenue Loss Coverage (RLC)
• Revenue-based, price/yield 5yr oly-avgs, trigger 15% below
benchmark
Supplemental Coverage Option
• Insurance add-on, trigger between policy and SCO deductible
levels
• 65% premium pd
Stacked Income Protection Plan (STAX)
• Cotton-only insurance product, cnty revenue
• 80% premium pd
36. www.iwla.org/farmbill
Stewardship,
Prosperity, and
Fairness
The Izaak Walton League of
America‟s values-based
vision of agriculture for all
of America
Brad Redlin
brad.redlin@state.mn.us
651.270.0564
2012 Farm Bill:
Context and Policies
www.sustainableagriculture.net
NSAC’s vision of
agriculture is one where a
safe, nutritious, ample,
and affordable food supply
is produced by a legion of
family farmers who make
a decent living pursuing
their trade, while
protecting the
environment, and
contributing to the
strength and stability of
their communities.