The 2014 Farm Act and the benefits of biotechnology came under scrutiny in the last few days by members of the House Agriculture Committee.
The Subcommittee on General Farm Commodities and Risk Management held a hearing July 10 to examine the efforts of the U.S. Department of Agriculture (USDA) as it implements the new commodity and crop insurance titles of the Agricultural Act of 2014, otherwise known as the farm bill.
Members of the subcommittee questioned Under Secretary of Agriculture for Farm and Foreign Agriculture Services Michael Scuse on the status of implementing key provisions.
The Agricultural Act of 2014 made sweeping reforms to the commodity title repealing several programs and providing producers with an option between Price Loss Coverage (PLC) and Agriculture Risk Coverage (ARC). Neither option triggers unless the producer suffers a significant loss. The farm bill also improved crop insurance, which now serves as the core risk management tool for producers when disaster strikes. [Read More]
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