Livestock producers and hay growers may see a better forage crop insurance option come out of the Agriculture Act of 2014 - better known as the farm bill.
Now that the U.S. House of Representatives has passed the 2014 farm bill, the Senate should follow suite “to provide producers the certainty they need as they make planting decisions for the coming year,” according to the National Alfalfa & Forage Alliance.
“We’re very pleased the House has acted to pass the 2014 Farm Bill compromise,” says NAFA President Beth Nelson.
“Most importantly, we’re very happy the legislation provides planting flexibility for producers while still maintaining an adequate safety net. With alfalfa’s distinction as one of the only major crops in the U.S. which is not considered a program crop, it was extremely important to NAFA that potential support payments provided by the bill’s Price Loss and Ag Risk Coverage were decoupled from current year plantings.”
Within the bill, USDA is directed to research and develop new insurance products for underserved commodities such as alfalfa, an objective NAFA has urged for some time, Nelson says.
“We’re hoping for swift passage of the Farm Bill in the Senate,” she adds. “It’s time to move forward and enjoy the certainty this bill will provide for the next five years.”
The Senate is expected to vote on the bill as soon as today, Jan. 31.
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