Farm Policy

Each year, soybean growers rely on the predictability of the farm safety net provided in the multi-year farm bill. They invest in crop insurance as an affordable and effective risk management tool to prepare for times of crop loss. Farmers turn to Congress for relief in times of unexpected economic disasters that accompany global pandemics or trade retaliation.

 

Photo Courtesy of USB

Specifically, ASA:

  • Supports resources for COVID response-related agricultural needs 
  • Supports the bipartisan 2018 Farm Bill
  • Urges protection of crop insurance

Photo Courtesy of USB

Crop insurance must remain effective and affordable

Crop insurance provided much-needed support to producers in 2019. According to data from USDA’s Risk Management Agency, more than 19 million acres nationwide were prevented from planting in 2019; approximately 5.5 million were soybean acres. Following these planting challenges were droughts in some areas and early snow preventing harvest in others. 

The president’s budget proposals for fiscal year 2021 propose restricting farm program eligibility, eliminating crop insurance premium subsidy for producers meeting a certain income threshold, and reducing premium subsidy for all. ASA opposes these and other cuts to the farm safety net proposed in the budget.

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