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According to fresh projections from the U.S. Department of Agriculture this month, net farm income is expected to decline 4.1% for 2024 after falling 19.4% in 2023 from the record highs reached in ...
More than 300 U.S. farm and commodity groups urged Congress in a letter on Monday to pass a long-delayed farm spending bill before the end of the year, as farmers face a projected decline in income.
According to a Sept. 13 CRS report, Title 1 of the 2018 Farm Bill funding expiration is actually different from the bill as it follows the crop calendar, meaning it's safe until Dec. 31, 2024.
The 1981 farm bill involved only small changes and continued the policy of restricting supply rather than increasing demand. The 1984 budget proposal was designed to cut subsidies rather than reform the system, but Congress rejected it. Instead, Congress continued the same policies in the 1985 farm bill, which Reagan reluctantly signed.
Long title: An Act to improve and protect farm prices and farm income, to increase farmer participation in the development of farm programs, to adjust supplies of agricultural commodities in line with the requirements therefore, to improve distribution and expand exports of agricultural commodities, to liberalize and extend farm credit services, to protect the interest of consumers, and for ...
The Federal Agriculture Improvement and Reform Act of 1996 (P.L. 104-127), known informally as the Freedom to Farm Act, the FAIR Act, or the 1996 U.S. Farm Bill, was the omnibus 1996 farm bill that, among other provisions, revises and simplifies direct payment programs for crops and eliminates milk price supports through direct government purchases.
The Farm Bill was last authorized in 2018, and after failing to reauthorize it on the typical five-year schedule in 2023, Congress extended the 2018 bill through the 2024 fiscal and crop year.
October 2: Rep. Larry Combest (R-TX), farm bill sponsor, threatens to pull the bill if it is amended. October 3: Rep. Leonard Boswell (D-IA), proposes shifting $650 million to ethanol, amendment fails. October 4: Kind amendment falls 26 votes short, fails. October 5: 10 year, $73 billion farm bill increase passes in the House of Representatives.