ABM Economists Bradley D Lubben PhD Extension Assistant Professor Policy Specialist and Director North Central Risk Management Education Center 2014 Farm Bill Trainings Farm Bill Timeline ID: 700925
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2014 Farm BillJeff Tranel & Brent YoungABM EconomistsBradley D. Lubben, Ph.D.Extension Assistant Professor, Policy Specialist, and Director, North Central Risk Management Education Center
2014 Farm Bill TrainingsSlide2
Farm Bill Timeline2011Joint Select Committee on Deficit Reduction (“Supercommittee”)Senate and House Ag. Committees proposed new farm bill language, but the Supercommittee failed to reach an agreement. 2012Senate farm bill adopted and House Agriculture Committee farm bill reported, but no House consideration 2008 Farm Bill extended through 20132013Senate farm bill passed in JuneHouse farm bill fails in JuneFarm-only farm bill (minus Nutrition title) passes in JulyNutrition title passes in September2014Conference report completed in JanuaryFarm Bill became law on February 7Slide3
The “Former”Policy Development ProcessSlide4
The “New”Policy Development ProcessSlide5
The “New”Policy Development ProcessEconomicsBudgetTradePoliticsSlide6
The Economic SettingU.S. Net Farm Income and Government Payments1996 Farm Bill
2002 Farm Bill
2008 Farm Bill
1985 Farm Bill
1990 Farm Bill
2014
Farm BillSlide7
Commodity “Teams”TeamsCommoditiesPreferred PolicyMotiveRevenue-ersCorn and SoybeansShallow Loss Revenue (County ARC)
Negative price-yield
correlation, Buying high levels of crop insurance coverage, liked Olympic average price
Traditionalists
Rice, Peanuts Southern wheat
Price targets (PLC)
Rice
has mostly price and input cost risk, peanuts are highly contracted, buy lower crop insurance coverage
Bold Movers
Cotton
STAX
WTO, Recognized Title 11 was golden
and Title 1 controversial
The other white crop
Milk
Dairy
margin/supply control
Wanted ‘pseudo-insurance’ (insurance with legislated premiums)
Big County Crowd
Mountain
State
wheat
Individual ARC
Perceived county
triggered programs will not work in large counties
Wallflowers
Sugar
Status quo
It
is good to not score at CBOSlide8
The Non-commodity “Teams”TeamsPreferred PolicyMotiveEnvironmental DealersConservation compliancePragmatic get your foot in the door on insurance
Environmental No-dealers
Reduce
Title 1 and 11
Throw a bomb
in the room
The Tea Party-Heritage faction
Reduce
Title 1 and 11
Throw a bomb
in the room
The traditional “Foodie”
Support SNAP, WIC, School Lunch
Assist the poor
The Neo-Foodie
Local food, GMOs, specialty crops, animal welfare
Assist the up-scale
consumerSlide9
The 2014 Farm BillMore than Just the FarmResearch, Extension, and Related MattersForestryEnergyHorticultureCrop InsuranceMiscellaneousCommoditiesConservationTradeNutritionCreditRural Development
Copyright
FPC InternationalSlide10
2014 Farm Bill TrainingsHostsColorado State University ExtensionUSDA Farm Service AgencySlide11
2014 Farm Bill TrainingsSponsorsColorado Corn Growers, Colorado Association of Wheat Growers, Colorado Department of Ag, Farm Credit of Southern Colorado, American AgCredit, Premier Farm Credit, Independent Bankers of Colorado, Rocky Mountain Farmers Union,
FUSA Insurance Agency, Logan County Farmers Union, Tri-County Insurance LLC, Jackson Agency, Kit Carson County Farmers Union,
Jeane
Burney Agency, Wendy S Dickey Agency, Southeast Farmers Union, Hoffman
Insurance Agency, Elbert/
Loncoln
Farmers Union, Hickey Insurance, Montrose County Farmers Union, David Barney Insurance Agency LLC, Mesa County Farmers Union, Bishop Insurance Agency, Northwest Farmers Union, Spike Reedy Insurance, Four Corners Farmers Union, KB Insurance Group, Southeast Farmers Union, Hoffman Insurance Agency, Adams/St
Vrain
Farmers Union, David Simon Agency, Larry Roe Agency, Weld County Farmers Union,
Frei
Insurance Agency, Mitchell Insurance Agency, Crowley/Otero Farmers Union, The Trujillo Agency LLC, Pueblo/Fremont Farmers Union, Larson Insurance Agency, SLV Farmers Union, Darren Bolt Agency
Thank You!Slide12