Articles Tagged with ''Price Loss Coverage''

Republicans on the House Agriculture Committee are proposing to raise Price Loss Coverage reference prices by 10% to 20% depending on the commodity, while also providing increased income protection to growers under the Agriculture Risk Coverage program and crop insurance, according to a section-by-section summary released Friday.

There’s a big push this year to bolster the farm safety net by raising premium subsidies for high levels of area insurance coverage, and the idea has gotten traction in both the House and Senate.

House Ag Committee Chairman Glenn “GT” Thompson, R-Pa., confirmed to Agri-Pulse Wednesday there will be different increases in statutory reference prices depending on the commodity. 

House Agriculture Committee Democrats have offered a counter proposal on the farm bill that suggests using USDA’s Commodity Credit Corporation funding authority to shore up commodity programs and crop insurance, according to a summary of the proposal obtained by Agri-Pulse.

Senate Agriculture Committee Chairwoman Debbie Stabenow is circulating some ideas for farm program reforms that include an increase in effective reference prices that would benefit all commodities, plus an unspecified improvement in marketing loans.