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Agricultural Act of 2014
2014 Farm Bill Overview
Jeremy Peters
Director of Federal Policy
July 29, 2014
Agricultural Act of 2014
Key Farm Bill Themes:
 Budget Reduction
 Overall savings of $23 Billion, $4 Billion from
conservation
 Streamlining, Effectiveness, Efficiency
 Consolidates and focuses programs to
improve outcomes, administration
 Risk Management Based Safety Net
 Reinvests substantially in crop insurance,
reforms for conservation compliance
Agricultural Act of 2014
 Farm Bill Funding Projections:
Source: USDA ERS
Agricultural Act of 2014
Program changes:
 Provides $57 billion for farm bill
conservation funding
 Consolidates 23 to 13 programs across
five main focus areas
Easements Stewardship Financial Retirement Targeting
ACEP
$2 billion
CSP
10 M acres
annually
EQIP
$8 billion
CRP
24 M acres
RCPP
$1 billion
Agricultural Act of 2014
Environmental Quality Incentives Program
 Provides $8 billion for financial assistance
 Maintains 60% livestock, provides at least
5% wildlife habitat incentives
2014 2015 2016 2017 2018
$1.35 Billion $1.6 Billion $1.65 Billion $1.65 Billion $1.75 Billion
Agricultural Act of 2014
Conservation Reserve Program
 Steps down acreage cap to 24 million
 Continues emergency haying/grazing
 Transition incentives
2014 2015 2016 2017 2018
27.5 Million 26 Million 25 Million 24 Million 24 Million
Agricultural Act of 2014
Conservation Stewardship Program
(CSP) Changes
 Enrollment cap of 10 million acres/year
through FY 2022, rate of $18/acre
 Lands expiring from CRP contracts
prioritized for CSP
2014 2015 2016 2017 2018
$180 Million $180 Million $180 Million $180 Million $180 Million
Agricultural Act of 2014
Agriculture Conservation Easement
Program (Ag and Wetland Easements)
 Provides $2 billion for conservation
easements
 Stronger Certification Language
 Provides cash waiver authority
2014 2015 2016 2017 2018
$400 Million $425 Million $450 Million $500 Million $250 Million
Agricultural Act of 2014
Regional Conservation Partnership
Program
 Provides over $1 billion for targeted
conservation
 Allocates 7% from ACEP, CSP, EQIP, HFRP
 National (40%), State (25%) and CCA (35%)
2014 2015 2016 2017 2018
$235.94
Million
$255.19
Million
$260.44
Million
$263.94
Million
$253.44
Million
Agricultural Act of 2014
Regional Equity
 For states that can demonstrate ability
to use, provides aggregate allocation of
up to 0.6% of conservation funds
 Different from 2008 Farm Bill provision
that provided $15 million for individual
regional equity states
Agricultural Act of 2014
Conservation Compliance + Crop
Insurance
 Newly applies to crop insurance
premium subsidy
 Highly Erodible Lands (HEL) and
Wetlands
 Forward looking--applies to future
reinsurance years after determination of
non-compliance
Agricultural Act of 2014
Conservation Compliance + Crop
Insurance
 Producers obtaining federally reinsured crop
insurance remain eligible if:
 Has filed an accurately completed AD-1026
with FSA certifying compliance with HELC and
WC provisions; and
 Is in compliance with HELC and WC provisions.
Agricultural Act of 2014
Conservation Compliance + Crop
Insurance
 Unless specific exemptions apply, a producer
must:
 Be in compliance with a NRCS-approved
conservation plan for all highly erodible land;
 Not plant or produce an agricultural
commodity on a wetland converted after Feb.
7, 2014; and
 Not have converted a wetland after Feb. 7,
2014, to make possible the production of an
agricultural commodity.
Agricultural Act of 2014
Sodsaver Provision
 6-state Sodsaver Provision
 Iowa, Minnesota, Montana, Nebraska, North
Dakota and South Dakota
 Reduces crop insurance premium subsidy
by 40 percentage points for annual crops
grown on native sod for a period of 4 years.
Agricultural Act of 2014
http://www.farmland.org/farmbill
Questions?
jpeters@farmland.org
202‐378‐1219

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Peters 2014 farm bill