Farm Bill - 2014
The Agricultural Act of 2014, also known as the 2014 Farm Bill, was signed by President Obama on Feb. 7, 2014. The Act continues programs with modifications, and authorizes several new programs administered by the Risk Management Agency (RMA).
This Farm Bill strengthens crop insurance by providing more risk management options for farmers and ranchers and by making crop insurance more affordable for beginning farmers. It continues the growth of the crop insurance program, and provides avenues to expand farm safety net options for organic producers and specialty crop producers. It provides for increased program integrity, guaranteeing that tax dollars are used effectively and efficiently as we expand the farm safety net.
There are many changes to the crop insurance program. The following links provide information on some of the major changes for the Federal crop insurance program.
2014 Farm Bill
Actual Production History (APH) Yield Exclusion
Beginning Farmer Benefits
Coverage Level by Practice and Enterprise Units for Irrigated and Nonirrigated Crop
Peanut Revenue Policy
Supplemental Coverage Option (SCO)
Stacked Income Protection Plan (STAX)
Whole-Farm Revenue Protection (WFRP)
For more information, contact John Shea.