Writing Farm Bill in Time of High Prices Pits Farm Group Wishes Against Budget Realities
House and Senate Ag Committee members have a tough job ahead of them writing the 2023 farm bill. They’ll have to balance Republican plans to cut federal spending with desires from farm groups pitching proposals to raise reference prices for commodities, which would require more funds for the farm bill safety net.
History shows writing a farm bill in an environment of strong commodity prices is a challenge. Kevin Scott, American Soybean Association Chairman, says, “Writing a farm bill when prices are good is a little difficult also. A lot of legislators see that you know there’s quite a little money farming right now. However, our inputs and so forth are high so its an easy argument to say we’re not protected quite yet in that part of the farm bill.”
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History shows writing a farm bill in an environment of strong commodity prices is a challenge. Kevin Scott, American Soybean Association Chairman, says, “Writing a farm bill when prices are good is a little difficult also. A lot of legislators see that you know there’s quite a little money farming right now. However, our inputs and so forth are high so its an easy argument to say we’re not protected quite yet in that part of the farm bill.”
Click Here to read more.