Farm bill conferees will be trying to find consensus on two farm bill proposals that the Food & Agricultural Policy Research Institute says are both very similar and very different when it comes to the commodity title. Pat Westhoff is director of FAPRI at the University of Missouri. He tells Brownfield Ag News, “They do have more in common than people probably recognize. Overall levels of spending are not terribly different. Their support for some of the major commodities are fairly similar to each other and even some of the circumstances when they make payments can be very similar.”
But, based on FAPRI’s latest analysis, Westhoff tells Brownfield there are definitely important differences, “The House bill puts most of its emphasis on a program that would make payments when prices fall below set triggers whereas the Senate bill focuses most of its funding on a program that would make payments when revenues fall below a recent average of revenues at the county or even at the farm level. So, those have different implications about the types of support, the levels of support that might be provided in the future.”
The American Soybean Association (ASA) says the FAPRI report shows the House version’s Price Loss Coverage would distort the market and make the U.S. farm program vulnerable to challenges under the World Trade Organization.
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