By John Berry
This past February, the Agricultural Act of 2014 was signed into law. Commonly referred to as the “Farm Bill,” this legislation authorizes or modifies hundreds of programs. With the passage of the law, the United States Department of Agriculture (USDA) is now tasked with implementing the law. As such, USDA, FSA will soon issue regulations and guidance documents that further spell out the details of specific programs.
On Tuesday, August 26th, Penn State Extension will hold a brief, midday meeting to take a look at the 2014 Farm Bill's impact on cash field crops, such as corn, soybeans, and wheat as we see it today. This event features Dr. Glenn “Art” Barnaby of Kansas State University.
Art is considered an international leader in researching the use of risk management tools to maximize farm revenues. Having spent his entire career in the crop insurance and federal farm policy arena Dr. Barnaby brings a unique insight to the implications we face from the new Farm Bill. We have had Art as a speaker before and appreciate his depth of knowledge as he uses real examples to illustrate concepts.
For new farm bill signup, growers will have to make a decision whether to enroll in Agricultural Risk Coverage (ARC) or Price Loss Coverage (PLC), and there are multiple things to consider when make these decisions. During the presentation Dr. Barnaby will break down these crop programs and review the factors producers will want to think about when making enrollment decisions. The signup period is not yet known, but looks to be before mid-winter. We believe the more we learn about these significant farm management tools the better our signup decisions will be.
Farm Bill Presentation
Everyone is invited! Bring a spouse, friend and neighbor.
Tuesday, August 26, 2014
Berks County Ag Center
Coffee at 9:30
Program from 10:00-12:00
Lunch to follow
Come on out for this unique educational opportunity! It’s not often we get the benefit of expertise such as this. Art Barnaby is known globally as a leading researcher and educator on the topics of risk management, crop insurance and government programs.
Source:psu.edu