Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Local farmers, state officials stress importance of new Farm Bill
    Commodities

    Local farmers, state officials stress importance of new Farm Bill

    October 10, 20242 Mins Read


    LAKE CHARLES, La. (KPLC) – An important deadline for congress has passed.

    On Sept. 30, the current farm bill expired, leaving many in the agriculture industry concerned about what the future holds.

    “Farmers aren’t going to stop working. We can’t this isn’t a wait and see type of deal. Lawmakers have that luxury. Farmers do not,” said farmer Brandon Vail.

    Since 1933, every five years, the federal government reviews the food and farm landscape and renews the farm bill.

    The last five-year farm bill expired in September 2023, so we’ve been working under a one-year extension of a six-year-old law.

    “Some of your programs are still in effect, crop insurance being one of them which is the most important for us. But some of your other programs are going to start expiring fairly quickly. Your market access program has already expired. Some of your dairy programs are going to go back to permanent law in January if something isn’t done in the meantime,” said Vail.

    “Permanent law” is a term used to describe the Agricultural Act of 1949.

    The act established a price support system for dairy and other agricultural programs.

    Vail explains what he prioritizes most in this new Farm Bill is an increase in reference price.

    “I mean the price I’m getting for rice right now is $6 a barrel less than what my grandfather got in 1973. So, we’re really not making the margin that most people seem to think that we are,” said Vail.

    So, why should you, the consumer, care about this farm bill?

    “You have to remember 80 percent of the Farm Bill has nothing to do with farmers. Eighty percent of a Farm Bill is nutrition programs – things such as SNAP, WIC, any type of consumer nutrition program is a Farm Bill program,” explains Vail.

    While you may not feel immediate effects, he says if a new Farm Bill isn’t passed by January, you may see an increase in dairy prices.

    Commissioner of Agriculture and Forestry Dr. Mike Strain echoes Vail’s sentiment.

    “Without a new Farm Bill there’s no reauthorization for research programs. Or development programs that develop more efficient ways to farm. It affects many many many things such as our conservation programs and others,” said Strain.

    Copyright 2024 KPLC. All rights reserved.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    “I started going to rituals when I was 13. ” ‘Midsommar metal’ is officially a thing

    Commodities

    Sunbeth Global Concepts secures top credit score amid growth surge 

    Commodities

    Agricultural prices jumped by more than 17% in the past year, July data shows – The Irish Times

    Commodities

    Hong Kong bus driver escapes death as metal pole pierces windscreen, hits chest

    Commodities

    “I started going to rituals when I was 13. My mother made me robes and I had my own staff.” Midsommar metal is officially a thing: say hello to Forlorn

    Commodities

    ‘I spent six years metal detecting and couldn’t believe my luck after what I found’

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Precious Metal

    XAG/USD rebounds toward $41.50 as bullish bias persists

    Investments

    Former Liverpool defender Joël Matip confirms retirement from football | Football

    Property

    Bridgemarq Real Estate Services Inc.: Analyse Fondamentale et Notations Financières | BREUF | CA10808B1085

    Editors Picks

    China Passenger Rail Traffic Hits Record, Outpacing Freight as Commodity Demand Slides

    July 20, 2024

    Dow, S&P 500, Nasdaq hit pause as hot PPI inflation data cools rate-cut rally

    August 14, 2025

    Metros where you can get a home well below asking price across the US

    July 31, 2025

    Apple, Meta, Samsung… Pourquoi l’assistant Perplexity suscite les convoitises des Big Tech

    June 24, 2025
    What's Hot

    Steenhuisen hopes G20 will address threats to agricultural sytems amid world food pressures

    April 23, 2025

    7 Retirement planning sins you need to unlearn right now – Money Insights News

    August 23, 2025

    3,7 milliards d’euros de chiffre d’affaires et 72 % de hausse

    April 24, 2025
    Our Picks

    LondonMetric Property Plc (LSE : LMP) a finalisé l’acquisition de Highcroft Investments Plc (CISX

    May 21, 2025

    Cuban Leader Claims Agricultural Expansion Amidst Ongoing Food Crisis

    April 30, 2025

    Colorado Springs Utilities to propose rate increases and changes to how customers are charged for electricity

    August 19, 2024
    Weekly Top

    NAICOM, fintech players join forces to increase insurance penetration in Nigeria 

    September 15, 2025

    Hong Kong bus driver escapes death as metal pole pierces windscreen, hits chest

    September 15, 2025

    Top 10 Fintech Startups To Watch

    September 15, 2025
    Editor's Pick

    Dividend Stocks: BHEL, MCX, Maruti, Varun Bev, Coal Ind, IOC, HAL To Trade Ex-Dividend In Aug | Markets News

    August 2, 2025

    A Market Rebound – La Voce di New York

    October 24, 2024

    Portland police say ballot box arsonist has ‘wealth of experience’ in metal fabrication

    October 30, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.