Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   

Agricultural News


Six Reasons Why Fiscal Conservatives (and Every American) Should Hate the House Farm Bill

Tue, 11 Jun 2013 15:46:05 CDT

Six Reasons Why Fiscal Conservatives (and Every American) Should Hate the House Farm Bill
Scott Faber, Vice President of Government Affairs with the Environmental Working Group, published the following editorial as the farm bill debate now moves to the U.S. House:


The budget-busting farm bill headed to the House floor next week is bad news for taxpayers. Here's why this bill, officially H.R. 1947, shouldn't pass.

This bill would:

--Send crop insurance subsidies soaring to nearly $100 billion over the next decade. Right now, the U.S. Department of Agriculture covers, on average, two-thirds of a farmer's premium. The bill proposes to increase revenue guarantees to 90 percent of a farm's income, provide 80 percent of a cotton farmer's premium subsidy, and create a new peanut insurance program tied to the price of peanuts in Rotterdam.

--Fail to limit insurance subsidies so the largest farm businesses would continue to collect the lion's share. Under current law, some farmers reap more than $1 million in premium support, and roughly 10,000 farmers receive more than $100,000 in premium support. While the top 1 percent of farmers annually receives, on average, more than $200,000, the bottom 80 percent collects just $5,000.

--Increases price guarantees so close to market prices that even a small decline in crop prices would trigger billions of dollars in government spending, erasing any savings from eliminating long-discredited "direct payments" for corn, soybeans, wheat and rice. This so-called "price loss" program would boost already sky-high price guarantees for cotton and peanuts by 30 and 80 percent, respectively. The bill would even create a new price guarantee for sushi rice!

--Extend direct payments for cotton farmers for two more years at a cost of nearly $1 billion. Direct payments would continue to be paid cotton farmers regardless of need - or even whether a farmer harvested a crop. Other farmers would have to limp on unlimited insurance subsidies and eye-popping price guarantees.

--Conceal names of subsidy recipients, among them, members of Congress. Recipients of direct payments, conservation payments and other farm programs are made public but the House Agriculture Committee has refused to divulge the identities of those who receive crop insurance subsidies that now comprise two-thirds of the farm safety net.

--Weaken the conservation compact. Since 1985, farmers have agreed to adopt basic environmental protections in exchange for nearly $300 billion in farm subsidies. But, unlike the Senate farm bill, H.R. 1947 would not require that farmers receiving generous insurance premium subsidies protect wetlands or reduce soil erosion.


Reasonable reforms would provide farmers a robust safety net but at far less cost to the taxpayer than H.R. 1947. A bipartisan group of House members hopes to improve the bill via amendments to limit crop insurance subsidies to $50,000 per farmer, subject crop insurance subsidies to means testing, end windfall profits, and require USDA to disclose the names of subsidy recipients. When combined with other reforms, these amendments could save the taxpayers more than enough to spare conservation and nutrition programs for proposed cuts and met deficit reduction targets.



   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Collaboration Will Propel Advancements  Thu, 06 Oct 2022 11:25:27 CDT
  • NCBA Urges EPA to Press Pause on New WOTUS Rulemaking  Thu, 06 Oct 2022 10:32:07 CDT
  • Beef Industry Scholarship Applications Are Now Available for Undergraduate Students  Thu, 06 Oct 2022 10:05:07 CDT
  • Oklahoma Drought Levels Rise in All Categories This Week, But Chance of Rain In Forecast   Thu, 06 Oct 2022 09:43:41 CDT
  • Market Update with Paul Dykstra-Texas Grade Tumbles   Thu, 06 Oct 2022 09:21:23 CDT
  • Best Chance for Rain Shows up in Western Oklahoma and Panhandle Over the Next Week   Thu, 06 Oct 2022 09:03:52 CDT
  • Triangle H Named CAB Feedyard Commitment to Excellence Honoree   Thu, 06 Oct 2022 08:46:38 CDT
  • Top Winners of the 2022 Tulsa State Fair Market Animal Show Awarded Over $400,000   Thu, 06 Oct 2022 08:43:20 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.
       

       

    Search OklahomaFarmReport.com

    © 2008-2022 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.