The White House

New Farm Bill Could Provide Stability & Support for Soy Growers

In the midst of recent political unease between the US and China, a conference report released by the House and Senate Agriculture Committees and Congressional leadership brings some promise of greater stability for American farmers.

The conference report reflects broad consensus of support for the “Agriculture Improvement Act of 2018,” a bill that will provide risk management tools to help farmers navigate potentially difficult economic conditions over the next five years. As staunch supporters of the legislation, the American Soybean Association (ASA) congratulated the House and Senate Agriculture Committees on garnering necessary support and urges them to approve the bill this week so it can be enacted before the end of the year.*

Over the last two years, the enactment of a new farm bill has been top priority for the ASA. The “Agriculture Improvement Act of 2018” will extend authorization and funding for a wide range of programs influencing producers of food, feed, fiber and fuel in both the US, as well as global programs that aid US producers. In their recent press release, the ASA notes this bill assures the federal government will continue to provide assistance to American farmers through “farm income support programs, nutrition and feeding programs, and through conservation, rural development, agricultural research, energy, and international agricultural development and food aid programs.”

In particular, the ASA celebrates improvements made to Title I support programs. According to ASA President, Davie Stephens, these improvements give producers the option to choose between the county ARC and PLC programs in four of the five years of the new bill, allowing them to respond accordingly to overseas markets and changing prices. Read the full ASA press release to learn important bill provisions specific to American soybean growers.

*Update 12/13/18: The House and Senate Agriculture Committees and Congressional leadership gain approval for the “Agriculture Improvement Act of 2018” and now await similar approval from President Trump.