Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Virginia Farm Bureau : Critical 2014 farm bill passes House, farmers pleased

01/30/2014 | 03:01pm US/Eastern

WASHINGTON-Farmers across the country are applauding the U.S. House of Representatives' passage of H.R. 2642, the five-year Agricultural Act of 2014.

The farm bill, which the House approved 251-166, now heads to the Senate, which is expected to vote on it next week.

The bill would eliminate direct payments to farmers in favor of enhanced crop insurance, revise commodity supports, and create a new dairy program and make some changes that include a cut of almost $8 billion to the Supplemental Nutrition Assistance Program. It still maintains critical food assistance to families in need. A large portion of farm bill spending is for nutritional assistance programs.

"The American Farm Bureau Federation commends the House for its passage of the new five-year farm bill," said AFBF President Bob Stallman. "We are particularly pleased with provisions to provide risk management to fruit and vegetable farmers and to support livestock farmers during disasters.

"We now turn our attention to the Senate for timely passage of the bill, which will provide farmers and ranchers certainty for the coming year and allow the agriculture department to begin planning for implementation."

Virginia Farm Bureau Federation Commodity Marketing Director Spencer Neale said passage of the farm bill is important to the nation's entire food production system. "Our 2 million farmers, who provide food and fiber to more than 300 million Americans, operate in an inherently risky business environment of unpredictable weather and price volatility, and federal protections under the farm bill are an important part of ensuring a stable food supply year in and year out.

"Farm bills are not only good for farmers, they are good for all Americans."

The Agricultural Act of 2014 repeals direct payments and limits producers to risk management tools that offer protection when they suffer significant losses. The bill also repeals outdated and ineffective dairy programs and offers producers a new voluntary protection program without imposing mandatory milk supply controls.

Additionally, it provides nearly $7 billion in funding for ranchers through livestock disaster programs, conservation and research.

Recent U.S. Department of Agriculture data indicates that cattle herd inventories are nearly the lowest they have been in six decades. Disaster programs will provide relief for producers who were affected by drought and blizzards and help them to begin rebuilding their herds.

The farm bill provides retroactive payments for producers who suffered losses after the previous program expired early in October 2011. A new permanent 10-year baseline is provided for the livestock disaster programs. Those programs are estimated to provide nearly $4 billion in assistance to producers over the next decade.

The bill also continues Animal Health and Disease Research Programs, including the authorization of a new competitive grant program that will enable USDA to better focus resources on animal science priorities such as improving feed efficiency.

Additionally, it authorizes a Veterinary Services Grant program to award competitive grants to develop, implement and sustain veterinary services.

Media: Contact Neale at 804-290-1156 or Tracy Taylor Grondine, AFBF communications at 202-406-3642.

distributed by
Latest news
Date Title
<1m ago UNITED MICROELECTRONICS : Patent Application Titled "Method and Device for Pulse Width Estimation" Published Online
<1m ago Patent Application Titled "Flexible Substrate, Flexible Display Device, and Method for Manufacturing Flexible Display Device" Published Online
<1m ago ALTERA : Patent Issued for Apparatus and Methods for Equalizer Adaptation
<1m ago OMRON : Patent Issued for Acoustic Transducer, and Microphone Using the Acoustic Transducer
<1m ago Patent Application Titled "Fluid Draining and Dispensing System for Household Appliances and Fluid Dispensing Tube for Household Appliances"...
<1m ago Patent Application Titled "Gas Circuit Breaker" Published Online
<1m ago LG ELECTRONICS : Patent Application Titled "Control Panel, Control Method Thereof and Clothes Treating Apparatus Having the Same" Published Online
<1m ago MACRONIX : Patent Issued for 3D Semiconductor Structure and Manufacturing Method
<1m ago Patent Application Titled "Display Device and Method of Driving the Same" Published Online
<1m ago Patent Application Titled "High-Speed Signal Transmission Cable" Published Online
Latest news
Advertisement
Hot News 
WILLBROS : Harwood Feffer LLP : Announces Investigation of Willbros Group, Inc.
XEROX : Patent Issued for Deletion of Unwanted Reply Messages in E-Mail Printing
PEREGRINE SEMICONDUCTOR : Enables a Dual-Band Architecture for DOCSIS 3.1 Devices
HEALTH INSURANCE INNOVATIONS : Distributor of PPACA-free products posts big sales gains
BOEING : China's Comac Start to Make Jet Fuel from Used Cooking Oil
Most Read News
1d ago TERADYNE : beats Street 3Q forecasts
1d ago ATMEL : Patent Issued for Apparatus and Method for Increasing the Quantity of Discrete Electronic Components in an Integrated Circuit Package
1d ago EXELON : ICC Approves ComEd’s Grand Prairie Gateway Project
1d ago AT&T revenue misses forecasts as more customers bring own phones
1d ago NORTHFIELD BANCORP : Announces Third Quarter 2014 Results
Most recommended articles
11m ago China flash HSBC PMI edges up in October but no indication of turnaround yet
11m ago China forex regulator says not worried about capital outflows
13m agoDJSoft New Zealand Inflation Data Push Out Rate Rise Expectations
15m agoDJHSBC October Preliminary China Manufacturing PMI Rises to 50.4 -- Update
18m ago USD/JPY Short Body Candles Suggest Caution Persists Near 107.00
Dynamic quotes  
ON
| OFF