Nov 05, 2024

Meaningful assistance could be coming to farmers

Posted Nov 05, 2024 7:15 PM

The Farm Assistance and Revenue Mitigation (FARM) Act was introduced last month and sponsored by more than 40 members of Congress. It’s also endorsed by several of America’s largest commodity groups.. The legislation is intended to meet farmers’ immediate financial needs through economic assistance for the 2024 crop year. The proposed payment structure utilizes per-acre cost of production to provide a payment that is 60 percent of economic loss on eligible acres.