News & Events
- Ohio Livestock Coalition accepting nominations for 'Neighbor of the Year' awards
- Ohio Agricultural Hall of Fame Inductees announced
- Ohio Congressional delegation involved in Farm Bill progress
- Itís half a ton, itís on the loose and it wants to run. Stay calm?
- Legal tips for all purpose vehicle use
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Each bill would eliminate $5 billion in annual direct payments that aren't tied to production or crop prices and would consolidate other programs. At the same time, the bills would create new programs with some of that money and raise the subsidies for some crops while business is booming in the agricultural sector.
The federally subsidized crop insurance program, the costliest part of the U.S. farm safety net, would spin off at least three new types of coverage and could cost 10 percent more under draft farm bills pending in the U.S. House of Representatives and Senate.
‚ÄúIn the face of continuing budgetary constraints, the 2013 Farm Bill is an opportunity to address our nation‚Äôs broken and outdated agricultural policies,‚ÄĚ they said.
Overall, this report indicates an optimistic future that includes some bumps along the way. A couple of these bumps include the short-term softening of commodity prices which are affected by increased production encouraged by high prices from the drought induced short crops of 2012 and increasing crude oil prices.
Despite the narrow focus of the ruling, many in the industry see the decision as having wide reaching implications.