Higher input costs highlight shortcomings of the current farm safety net. In Thursday’s House Ag Subcommittee hearing, Texas A&M Food and Policy Center Co-Director Joe Outlaw said one way to address the issue is to raise reference prices for the Agricultural Risk Coverage and Price Loss Coverage programs. “Instead of forcing producers to pick which tool they want, I would suggest allowing them to receive the benefits of what’s higher in a given year. This could cost nothing more if producers have chosen wisely.” Watch the hearing.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.