Find It Here
Twitter update
Subscribe

Subscribe to Post Updates from Arkansas Row Crops


 

RSS AgNews
Quick Links
Agricultural Programs
12
Dec
2018
2018 Farm Bill Summary and Highlights
Author: Bobby Coats, Professor of Economics

By Bobby Coats, Professor of Economics, Agricultural Economist

 

Key rice provisions courtesy of the USA Rice Federation’s Jamison A. Cruce, Manager, Government Affairs follows:

  • Maintenance and Enhancement of the Price Loss Coverage Program
    • Reference Price: $14/cwt. for long- and medium-grain with an increase to Temperate Japonica’s reference price (124% of $14/cwt.)
    • Payment Yield: One-time, voluntary update to payment yields that would go into effect for the 2020 crop year
    • Actively Engaged Rules: Expands the definition of “family” to include nephews, nieces, and first cousins
    • Sequestration: Applies sequestration cuts before applying the payment limitation, allowing for a true payment limit of $125,000 per individual or $250,000 per couple
  • Increase to Loan Rates
    • Loan Rate for long- and medium-grain rice increased from $6.50 to $7.00 per cwt.
  • Maintenance and Enhancement of Conservation Programs
    • Reauthorizes the Conservation Stewardship Program (CSP)
    • Increases funding for the Environmental Quality Incentives Program (EQIP)
    • Funds the Regional Conservation Partnership Program (RCPP) at $300 million per year and provides greater program flexibility
  • Continuation of Trade Promotion Programs/Food Aid
    • Agricultural Trade Promotion and Facilitation Program: Under this umbrella, the Market Access Program (MAP) and Foreign Market Development (FMD) Program are guaranteed annual mandatory funding of no less than $200 million and $34.5 million, respectively.
    • Food Aid: Generally maintains in-kind U.S. agricultural commodity donations under Food for Peace, Food for Progress, and McGovern-Dole.

Summary of the 2018 Farm Bill

Highlights of the 2018 Farm Bill

 


Save pagePDF pageEmail pagePrint page

«
»