Items Tagged with 'Price Loss Coverage'

The House Agriculture Committee’s farm bill would boost the federal budget deficit by $33 billion over 10 years, according to an official cost estimate released Friday by the Congressional Budget Office, which refused to change its stance on a budget offset intended to fund changes to commodity programs.

The top Republican on the Senate Agriculture Committee, John Boozman, staked out his farm bill position Tuesday, releasing a proposed framework that largely mirrors the legislation Republicans pushed through the House Agriculture Committee last month.

Republicans pushed their $1.5 trillion farm bill through the House Agriculture Committee early Friday with the help of four critical Democratic votes, giving the massive legislation some momentum as it heads to an uncertain future in the full House.

In this opinion piece, House Agriculture Committee Democrat Nikki Budzinski of Illinois argues that the GOP majority’s farm bill would harm families and fail farmers because of the way it is structured and funded.

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.