Home > News > Farm Income Safety Net Changes Likely in 2023 Farm Bill

Farm Income Safety Net Changes Likely in 2023 Farm Bill

Posted November 14, 2022
in Top Ag News

As 2023 Farm Bill talks continue post-election, a major area of discussion centers on the farm income safety net. The safety net has been a mix of commodity programs, crop insurance and disaster assistance.

Recently, this mixture has proven complicated amidst ad hoc disaster assistance and supplement payments to producers outside of the authorized farm bill programs. Due to this, several ideas have come forward about changing commodity programs in the 2023 Farm Bill. Ideas include:

– Raise reference prices in the Price Loss Coverage (PLC) program
– Combine PLC and Agriculture Risk Coverage (ARC) into one program
– Develop a margin-based safety net

Read more on potential farm income safety net changes in the next Farm Bill here.

Subscribe

Be among the first to learn about the ever-changing crop insurance industry by subscribing to the ProAgMessaging system.
Subscribe

Featured

  1. Closeup of United States Capital building
    Farm Groups Urge Congress to Protect Crop Insurance from Budget Cuts
    February 1, 2023
  2. Beef Profit Margins Narrow
    February 2, 2023
  3. USDA Reports Lowest Cow Numbers Since 1962
    February 7, 2023
  4. U.S. Governors Call on Biden to Delay WOTUS Implementation
    February 1, 2023
  5. Vilsack Says More Competition, Less Consolidation Key for Healthy Rural Communities
    February 1, 2023