Latest News From Subsidies

USDA has allocated more than $1.77 billion this year to agricultural producers and landowners through CRP. Since 2021, the CRP has witnessed a 21% increase in enrolled acres.

Sens. Chuck Grassley and Sherrod Brown have introduced the Farm Program Integrity Act. It would create a cap of $250,000 in commodity support for a single farm operation and, potentially, some undesirable side effects.

A Senate Ag Committee hearing Thursday on the new farm bill raised a issue that is now evident: the Title 1 farm bill safety net can no longer deal with the current ag environment.

“It’s a mystery as to why the USDA began to hide the names of many recipients,” said Scott Faber, senior vice president for government affairs for the Environmental Working Group.

For example, Rep. Ralph Norman in the past unsuccessfully pushed crop insurance amendments that would have cut premium incentives/subsidies by 15% for producers with specified adjusted gross incomes.

Data released by USDA on Monday shows the farm share of the U.S. food dollar hit an all-time low in 2021. However, USDA says the decrease doesn’t necessarily mean producers are making less.

Phase 2 is targeted to those who suffered losses in 2020 and 2021 but may not have received any payments under Phase 1. With Phase 2 underway, USDA said that the signup deadline for Phase 1 ERP will now be Dec. 16.

Restaurants closing early. Sign after sign plastered along roadsides with businesses looking for help. The hiring issue is crippling everything from manufacturing to the restaurant industry today.

With the phase one trade deal with China official, farmers are expecting more positive momentum in the markets. However, they shouldn’t expect an extension of the MFP, according to USDA Secretary Sonny Perdue.

USDA Agriculture Secretary Sonny Perdue on Friday announced that the second tranche of 2019 Market Facilitation Program payments will begin being issued next week.