This Week on SUNUP - Amy Hagerman on What's Next in Process to Implement the New Farm BillFri, 21 Dec 2018 10:29:50 CST
This week on SUNUP - Oklahoma State University Ag Economist Amy Hagerman talked about the signing of the new 2018 Farm Bill into law, and what the next step in that process is as its policies are put into practice. You can listen to Hagerman’s full remarks, by clicking or tapping the LISTEN BAR below at the bottom of the page.
“This is really great news,” she said. “We’re excited to have a Farm Bill again.”
According to Hagerman, the next step following President Trump’s signing of the bill, is that all its programs and guidance will be passed off to the US Department of Agriculture. She says the USDA will then be responsible for actually determining how to implement the changes made in the Farm Bill to the existing programs and will also assume the responsibility of setting any applicable deadlines for these sign-up programs.
“At that point, producers will start to get some information that they can use on when their own decision-making deadlines are,” she said.
Compared to the previous Farm Bill authored in 2014, this bill looks very similar. A few notable changes though exist. For instance, Hagerman says producers will now only have the option to do a county sign-up through the ARC program. Previously, producers could choose either a county or individual sign-up. Most typically chose county, however. In addition, starting after 2021, producers will be able to switch their coverage from ARC to PLC whereas the previous bill locked you into one or the other for five years.
Also, there will be more crop insurance options in this bill. Hagerman advises producers to reevaluate their current coverage mix as more advantageous opportunities may now exist.
Although similar, there is still a lot to know and brush up on regarding the nuts and bolts of this Farm Bill. Recognizing that, Hagerman says the OSU Extension team will be working with local county extension offices and other agencies to help educate and inform producers in the state. Work sessions will be scheduled throughout the year for producers to participate in and learn more about this Farm Bill and how it affects them. Hagerman points out that right now, two webinars are being planned for sometime in January and February of 2019.
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