The Biden administration's plan to enlist American agriculture in mitigating climate change through cover crops and carbon trading could pay dividends in another field entirely — negotiations for freer agriculture trade, said an American Enterprise Institute paper on Tuesday. The United States would be in a stronger bargaining position if it shifted some of its farm subsidies into .s.o-called green box programs that are deemed not to distort international trade, said the paper written by three farm policy experts.
Although the USDA adopted a stricter rule on who qualifies for crop subsidies, farm-program reformers said on Monday there was more work to do. The new rule, which applies to people who say they deserve a payment because they help manage a farm, should be applied across the board to all USDA programs and it needs to have teeth, they said.
Loopholes remain, but the USDA is tightening its crop subsidy rules by limiting who can collect a payment for managing a farm, historically one of its most porous definitions. The new regulation, to be published on Monday, requires people to perform at least 500 hours of management or at least 25 percent of the management work required annually to merit a subsidy check — "a very major advancement," according to a small-farm advocate.
Low market prices on this year's corn and soybean crops due to the coronavirus could trigger up to $7.2 billion in USDA subsidies to corn and soybean growers, said five university economists on Wednesday. "In estimating the damage that U.S. crop agriculture has suffered, it is important to take into account the payments made by existing farm safety net programs," they said. (No paywall)
When the Trump administration poured billions of dollars into rural America to mitigate the impact of trade war, "most of it bypassed the country's traditional small and medium-sized farms that were battered by the loss of their export market," said the CBS News program 60 Minutes on Sunday. It's just as likely big farmers will benefit in a big way when the USDA disburses $16 billion in coronavirus-relief cash to farmers and ranchers, said the program.
After looking at the latest USDA price projections for corn, wheat, and soybeans, and taking into account price patterns for the crops, five university economists say the Price Loss Coverage subsidy is a better choice for growers than the Agricultural Risk Coverage subsidy for corn and wheat grown this year.
More than 21,200 farmers have enrolled in the new dairy support program created by the 2018 farm bill, said Agriculture Undersecretary Bill Northey on Thursday, announcing a one-week extension of the signup period.
For the first time since the 2014 farm bill was implemented, the USDA is giving farmers the option of changing enrollment between the insurance-like Agriculture Risk Coverage and the traditionally designed Price Loss Coverage subsidies.
The Trump administration enabled multimillion-dollar payments to some large operators in this year’s round of trade war payments by obliterating the usual limits on farm subsidies, said the president of the National Farmers Union on Thursday.