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What Ag Bankers Should Take Away from USDA Farm Bill and Legislative Principles for 2018

January 25, 2018 / Source: Bank News

January 25 — Speaking at a town hall event in Mifflintown, Pa., U.S. Secretary of Agriculture Sonny Perdue laid out the USDA’s Farm Bill and Legislative Principles for 2018.

Below are actions the USDA seeks to undertake that may be of particular interest to Ag Bankers:

Provide a farm safety net that helps American farmers weather times of economic stress without distorting markets or increasing shallow loss payments.

Promote a variety of innovative crop insurance products and chagnes enabling farmers to make sound production decisions and to manage operational risk.
Encourage entry into farming through increased access to land and capital for young, beginning, veteran and underrepresented farmers.

Support conservation programs that ensure cost-effective financial assistance for improved soil health, water and air quality, and other natural resource benefits.

Foster market and growth opportunities for specialty crop growers while reducing regulatory burdens that limit their ability to be successful.

Empower public-private partnerships to leverage federal dollars, increase capacity and invest in infrastructure for modern food and agricultural sciences.

Create consistency and flexibility in programs that will foster collaboration and assist communities in creating a quality of life that attracts and retains the next generation.

Partner with states and local communities to invest in infrastructure to support rural prosperity, innovation and entrepreneurial activity.

Find the full report here.