Growers later this year will need to decide which Farm Bill safety-net program to participate in. Well-known attorney Tim Kelleher has an updated decision tool that should simplify the process
Here is the link to the updated decision tool. We encourage growers to utilize this resource.
Here is a summary of the new Commodity Title of the Farm Bill for California rice recently passed by Congress along with selected tax provisions important to agriculture.
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In Congress’s budget reconciliation, signed on July 4 by President Trump, significant improvements were made to Title 1 of the Farm Bill, including:
Growers can annually select ARC or PLC for their operation. All payments continue to be subject to a 5.7% sequestration.
The US rice industry was only able to achieve these results through collaborative work among all states. Great credit is due to USA Rice for their years-long work on improving the rice safety net and support of both Chairman GT Thompson and Senate Ag Committee Chair John Boozman.
Please find their comprehensive analysis here.
The conservation title and other titles of the farm bill will be taken up by the House and Senate Ag committees in a skinny farm bill this fall. Bi-partisan work is expected.
By Tyson Redpath, The Russell Group
This January, a new Republican majority arrives to the U.S. House of Representatives holding a four-vote majority which is identical to the current House Democratic majority. A flip to GOP control will have only modest policy impacts because the Senate majority will stay in Democratic hands. Meanwhile, the Biden Administration will continue to chart a course for rulemaking and Executive Order action for at least the next two years.
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