The American Farm Bureau Federation sent a farm bill proposal to Capitol Hill this week that offers a diverse mix of risk management and safety net tools to benefit a wide range of farms and it saves $23 billion compared to the cost of continuing the current program.
“We’ve tried to look at providing farmers a three-legged safety net stool where every farmer would have crop insurance and marketing loans available to them,” said Congressional Relations Director Mary Kay Thatcher. The third leg would let farmers choose between a modified STAX (stacked income protection) provision, or a target price program.
Thatcher says the plan approved by the FB board over the weekend saves 23-billion over the current bill – the same as the senate bill last year.
Interview with Mary Kay Thatcher of AFBF