Southern Crop

Southern Crop

House Agriculture Committee Approves Budget Letter Amidst Bleak Economic Outlook in Farm Country

In the letter, Committee members urged Budget Committee Chairman Diane Black to consider the estimated $104 billion in savings from the current farm bill, more than four times what had previously been pledged, and the fact that these savings are being achieved amidst a bleak, and worsening, economic outlook in farm country.

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“Without strong commodity and crop insurance policies underpinning U.S. agriculture, lenders would be reluctant to provide financing to an industry operating at the mercy of weather extremes and volatile global market prices,” says Ron Craft, chairman of the National Cotton Council.   Read more

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