The Congressional Budget Office’s May Baseline confirmed that the 2023 Farm Bill could be the first trillion-dollar farm bill in US history. So far, reports are showing that the farm bill drafting process is “behind schedule” and could be extended. Ron Moore, past president of the American Soybean Association shares why many groups are pushing lawmakers to not touch crop insurance.
“That’s always a possibility to do a one-year extension,” said Moore. “Every ag group that I am aware of, has been pushing for ‘don’t mess with crop insurance’. That’s incredibly important, not only for the farmers that utilize crop insurance, but it is important for the rural communities that we live in. When farmers have money, we invest it in our community, whether at the grocery store or the auto dealership, or the church. We make sure our communities thrive when we have the ability to do so.”
Delays in settling the debt limit dispute have been playing a role in delaying the farm bill process.
