Ad-hoc government payments helped farmers in 2020 and 2021, filling in the gaps in the farm safety net. According to University of Minnesota Extension Ag Economist Bob Craven, there shouldn’t be a need for additional ad-hoc programs in the future if crop insurance is handled properly in the next farm bill. “Though we’ve had pretty extreme situations in the last four years that warranted those ad-hoc payments.” Lawmakers are considering a more permanent disaster program. University of Illinois Assistant Professor of Ag Economics Joe Janzen said the issue in developing a standing disaster assistance program is determining what constitutes as a disaster. “A standing disaster assistance program looks a lot like insurance, but covering things we didn’t know about in the future.”
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.