Farm Bill is Passed by U.S. House, Now Heads to Senate
- General News
The U.S. House of Representatives passed the farm bill on January 29. The farm bill, which has been over three years in the making, will now go to the Senate for approval. The bill provides for multiple soybean farmer priorities, most notably a flexible farm safety net that includes a choice between price-based and revenue-based risk management tools and maintains the decoupling of payments from current planted acreage under both programs. This legislation also supports risk management framework; strengthening of crop insurance; streamlining and optimization of conservation programs; investment in critical trade development and renewables such as biodiesel and biobased products; support for beginning farmers and ranchers and acknowledgment of the role of agricultural research.
USSEC receives funding from a variety of sources including soy producer checkoff dollars invested by the United Soybean Board (USB) and various state soybean councils; cooperating industry; and the American Soybean Association (ASA)’s investment of cost-share funding provided by the United States Department of Agriculture’s (USDA) Foreign Agriculture Service.