Many questions have arisen following the Congressional passage of the Agricultural Act of 2014. Those questions were addressed today at the Georgia Peanut Commission Farm Bill Update Meeting and Webinar. Speakers during the webinar include Stanley Fletcher, director of the National Center for Peanut Competitiveness and professor emeritus from UGA, Nathan Smith, UGA Extension economist for Peanuts and Bob Redding, Georgia Peanut Commission representative in Washington, D.C.
Dr. Joe Glauber, USDA Chief Economist, stated the new Farm Bill WILL NOT have much impact on planting decisions in a speech today.
“The new farm bill will present program choices for most row crop farmers but programs should have minimal impact on planting decisions.
The Agricultural Act of 2014 was passed by Congress and signed by the President in early February (figure 7). Passage of the farm bill provides producers with more certainty regarding the structure of the farm safety net. The Act eliminates and replaces the direct and counter cyclical payments program and the Average Crop Revenue Election (ACRE) program with a new revenue-based program (Agricultural Risk Coverage or ARC) and a price-based program (Price Loss Coverage or PLC). Producers of covered commodities will have to make a one-time, irrevocable decision to select either PLC or ARC. If they select ARC, they will be faced with a further decision of whether to base ARC on a county basis by crop or on an individual, whole farm basis. For those selecting PLC, they have the further opportunity to select Supplemental Coverage Option for crop insurance.
Since both the PLC and ARC programs are based on producers’ base acres rather than on their actual planted acres, the programs will likely have limited impact on acreage decisions.”
Please click here to view Glauber’s speech.
Please click here to view Glauber’s presentation.
Many questions have arisen following the Congressional passage of the Agricultural Act of 2014. Those questions will soon be addressed at the Georgia Peanut Commission Farm Bill Update Meeting and Webinar on Monday, Feb. 24 at 10:30 a.m. The webinar will be broadcast live at the University of Georgia (UGA) Tifton Campus Conference Small Auditorium in Tifton, Ga. and five additional locations in Georgia.
Peanut farmers are encouraged to attend to learn more about the specifics contained in the farm bill concerning peanuts for the 2014 growing season. The additional locations include: Emanuel County 4-H Building, Swainsboro, Ga.; Mitchell County Ag Center, Camilla, Ga.; Oconee Fall Line Technical College, Dublin, Ga.; Sumter County Extension Office, Americus, Ga. and UGA Vidalia Onion and Vegetable Research Center, Reidsville, Ga.
Speakers during the webinar include Stanley Fletcher, director of the National Center for Peanut Competitiveness and professor emeritus from UGA, Nathan Smith, UGA Extension economist for Peanuts and Bob Redding, Georgia Peanut Commission representative in Washington, D.C. Growers will also have an opportunity to ask questions during the program.
For more information contact the Georgia Peanut Commission office at 229-386-3470 or email@example.com. The archived webinar will be available on the GPC’s legislative blog, www.AmericanPeanuts.com following the event.
President Obama is scheduled to sign the Agricultural Act of 2014 this afternoon on the campus of Michigan State University. Prior to signing the new farm bill, the President will deliver remarks on the importance of the farm bill. These remarks are scheduled to begin at 2:00 PM EST. If you would like to watch the live stream of the President’s remarks and the signing of the new farm bill, please click here.
The U.S. Senate passed the Agricultural Act of 2014 by a vote of 68 to 32. The Georgia Peanut Commission and the Southern Peanut Farmers Federation supported the 2014 Farm Bill.
“We are very pleased the U.S. Senate has passed the 2014 Farm Bill and sent it to the President to be signed into law. I cannot say enough of how pleased we are with the hard work our peanut state leaders have put into this farm bill,” says Armond Morris, chairman of the Georgia Peanut Commission. “U.S. Senate Agriculture Committee Ranking Member Thad Cochran, R-Miss., and Senator Saxby Chambliss, R-Ga., worked for over three years to make these peanut provisions a reality. We appreciate their efforts and commitment to our rural economy!”
The Georgia Peanut Commission, Southern Peanut Farmers Federation and the University of Georgia’s National Center for Peanut Competitiveness are working diligently to provide information to peanut growers regarding what is included in this farm bill as it pertains to the peanut industry.
A comprehensive outline of how the peanut provisions in the 2014 Farm Bill compare to the 2013 House and Senate Farm Bills, an outline of the base portion of the bill and the voting records are available online at GPC’s legislative blog, www.americanpeanuts.com.
The farm bill has been sent to the President for signature. President Obama is expected to sign the bill in Michigan on Friday.
The National Center for Peanut Competitiveness released a chart comparing the 2013 U.S. House Farm Bill, 2013 U.S. Senate Farm Bill, and 2014 Conference Farm Bill and information including an outline of the base portion of the farm bill.
View Farm Bill Comparison Chart Here
View the NCPC outline of the base portion of the farm bill.
The U.S. House passed the 2014 Conference Farm Bill with a 251-166 vote on Jan. 29, 2014. The U.S. Senate passed the Farm Bill with a 68-32 vote on Feb. 4, 2014.
Senate Majority Leader Reid announced last Thursday the U.S. Senate will have a cloture vote on the Farm Bill today at 5:30 PM. The U.S. Senate will vote on final passage of the Farm Bill tomorrow afternoon.
Assuming the Farm Bill passes on the floor of the Senate tomorrow, the bill will be sent to President Obama for signature this week.
Georgia Peanut Commission supports Agricultural Act of 2014
(Jan. 29, 2014) The U.S. House of Representatives passed the Agricultural Act of 2014 by a vote of 251 to 166. The Georgia Peanut Commission and the Southern Peanut Farmers Federation supported the 2014 Farm Bill.
“We began this Farm Bill in 2010. The Georgia Peanut Commission testified at field hearings in Georgia and the Southern Peanut Farmers Federation at subsequent hearings in other states,” says Armond Morris, chairman of the Georgia Peanut Commission. “We also testified on Capitol Hill about the needs of peanut producers in Georgia. Countless hours by our volunteer leaders, staff and the University of Georgia’s National Center for Peanut Competitiveness have produced a peanut program that is cost efficient and will work for Georgia’s peanut growers.”
Morris continues, “House Agriculture Committee Chairman Frank Lucas and Ranking Member Collin Peterson have worked diligently to get compromise legislation within the House and with the negotiators from the Senate. The Georgia Peanut Commission encourages the Senate to take the 2014 Farm Bill Conference Report up as soon as possible.”
The U.S. Senate has not set a time for floor consideration of the bill but Senate leaders have indicated that the bill will be considered quickly.
For additional information on the Farm Bill visit the Georgia Peanut Commission legislative web site at www.americanpeanuts.com.
WASHINGTON – U.S. House Agriculture Committee Ranking Member Collin Peterson, D-Minn., will hold a conference call with reporters TODAY, Wednesday, January 29, at Noon ET.
Peterson will discuss the House vote on the 2014 Farm Bill (H.R. 2642).
WHO: House Agriculture Committee Ranking Member Collin Peterson
WHAT: Conference call for members of the media
WHEN: TODAY, Wednesday, January 29, 2014, Noon ET
Dial-in Number: 888-790-3287
Call Leader: Liz Friedlander
House and Senate agriculture leaders today announced a bipartisan, bicameral agreement on a five-year farm bill that will reduce the deficit, grow the economy and provide certainty to the 16 million Americans whose jobs depend on agriculture. The Agricultural Act of 2014 contains major reforms, including eliminating the direct payments program, streamlining and consolidating numerous programs to improve their effectiveness and reduce duplication, and cutting down on program misuse. The bill also strengthens our nation’s commitment to support farmers and ranchers affected by natural disasters or significant economic losses; and renews a national commitment to protect land, water, and other natural resources.
“I am proud of our efforts to finish a farm bill conference report with significant savings and reforms,” said Rep. Frank Lucas (R-OK), Chairman of the House Agriculture Committee. “We are putting in place sound policy that is good for farmers, ranchers, consumers, and those who have hit difficult times. I appreciate the work of everyone who helped in this process. We never lost sight of the goal, we never wavered in our commitment to enacting a five-year, comprehensive farm bill. I ask my colleagues to join me in supporting its passage.”
“Today’s bipartisan agreement puts us on the verge of enacting a five-year Farm Bill that saves taxpayers billions, eliminates unnecessary subsidies, creates a more effective farm safety-net and helps farmers and businesses create jobs,” said Sen. Debbie Stabenow (D-MI), Chairwoman of the Senate Agriculture Committee. “This bill proves that by working across party lines we can reform programs to save taxpayer money while strengthening efforts to grow our economy. Agriculture is a bright spot in our economy and is helping to drive our recovery. It’s time for Congress to finish this Farm Bill and give the 16 million Americans working in agriculture the certainty they need and deserve.”
“I am pleased that we were able to work together, putting aside partisanship to finally advance a five-year farm bill,” said Rep. Collin Peterson (D-MN), Ranking Member of the House Agriculture Committee. “Compromise is rare in Washington these days but it’s what is needed to actually get things done. While it’s no secret that I do not support some of the final bill’s provisions, I believe my reservations are outweighed by the need to provide long term certainty for agriculture and nutrition programs. This process has been going on far too long; I urge my colleagues to support this bill and the President to quickly sign it into law.”
“This bill reflects a lot of hard work and conscientious effort to help strengthen American agriculture and assure consumers of food and fiber that it is nutritious and affordable,”said Sen. Thad Cochran (R-Miss.), Ranking Member of the Senate Agriculture Committee. “The reforms, savings and other significant changes in this agreement will provide greater certainty to producers and rural communities, as well as American consumers. It deserves to be considered and enacted as soon as possible.”
Enacting the Agricultural Act of 2014 will reform agriculture programs, reduce the deficit, and help farmers, ranchers and business owners grow the economy. The legislation:
* Repeals the direct payment program and strengthens risk management tools
* Repeals outdated programs and consolidates duplicative ones, eliminating nearly 100 programs or authorizations
* Helps farmers and ranchers create jobs and provides certainty for the 16 million Americans working in agriculture
* Strengthens conservation efforts to protect land, water and wildlife for future generations
* Maintains food assistance for families while addressing fraud and misuse in SNAP
* Reduces the deficit by billions of dollars in mandatory spending
Ends Direct Payments, Strengthens Risk Management
The Agricultural Act of 2014 reforms farm programs and saves taxpayer dollars by ending direct payments and other farm programs. The bill provides risk management tools that help American farmers and ranchers survive weather disasters and market volatility.
The bill also strengthens crop insurance, which is an essential cost-effective risk management tool. With crop insurance, farmers invest in their own risk management by purchasing insurance policies so they are protected in difficult times. Crop insurance also helps protect Americans from spikes in food prices. Without crop insurance farmers would have no way to recover from disaster unless the government steps in and provides unplanned disaster assistance. The effectiveness of crop insurance was underscored during the historic droughts of 2012, which impacted more than 80% of the country. Crop insurance protected farmers without the need for an emergency disaster relief bill.
Additionally, the bill provides a permanent livestock disaster assistance program for producers affected by natural disasters, and also covers producers who were affected by recent droughts, winter storms that hit the Northern Plains last year, and spring freezes that affected fruit growers in the Midwest.
Streamlines Programs, Strengthens Conservation
The Agricultural Act of 2014 consolidates 23 existing conservation programs into 13 programs while strengthening tools to protect and conserve land, water and wildlife. By streamlining programs, the farm bill provides added flexibility and ensures conservation programs are working for producers in the most effective and efficient way – an approach supported by nearly 650 conservation organizations from all 50 states.
Protects SNAP for Families, Reduces Fraud and Misuse
The bipartisan farm bill conference agreement maintains critical assistance for families while stopping fraud and misuse to achieve savings in the Supplemental Nutrition Assistance Program (SNAP). The farm bill agreement closes a loophole being used by some states to artificially inflate benefits for a small number of recipients. Additionally, the bipartisan agreement stops lottery winners from continuing to receive assistance, increases program efficiency, cracks down on trafficking, fraud and misuse, and invests in new pilot programs to help people secure employment through job training and other services. Savings in this section are reached without removing anyone from the SNAP program, and will ensure that every person receives the benefits they are intended to get under the current rules of the program.
Grows the Agricultural Economy
The Agricultural Act of 2014 reduces the deficit while strengthening top priorities that help to grow the agricultural economy. The bill:
* Boosts export opportunities to help farmers find new global markets for their goods
* Continues investments to meet growing consumer demand for fresh fruits and vegetables, local foods and organics by helping family farmers sell locally, increasing support for farmers’ markets, and connecting farmers to schools and other community-based organizations
* Supports beginning farmers and ranchers with training and access to capital
* Increases assistance for food banks
* Reduces regulatory barriers
* Invests in state-run pilot projects to encourage and incentivize employment and training opportunities for families in need
* Creates initiatives to help veterans start agriculture businesses
* Grows American bio-based manufacturing (manufacturing processes using raw agricultural products grown in America)
* Expands bio-energy production, supporting non-food based advanced biomass energy production such as cellulosic ethanol and woody biomass power
* Invests in research to promote productivity and new agricultural innovations
* Strengthens rural development initiatives to help rural communities upgrade infrastructure and create a better environment for small businesses
* Increases assistance for food banks
* Reduces regulatory barriers