Case IH Power Tab

Farm Futures
   Search Site:   Saturday, May 26, 2012 | Bookmark This Site   
Skip Navigation Links
Home
Markets
News
Weather
Farm Futures NOW!
Magazine Online
RSS News
Land For Sale
Mobile
Subscribe
Reprints
Register
Login
About Us
Advertise
 
Share This
 

Senators Introduce Permanent Disaster Aid Bill

Three North and South Dakota senators call for a permanent farm disaster aid program.
Compiled by staff 
Published: Jan 10, 2007

After attempts to procure federal aid for farmers and ranchers who suffered losses as a result of natural disasters in 2005 and 2006, three senators have co-sponsored a bill that would provide farm disaster aid automatically in federally declared disaster counties.

Senators Byron Dorgan, D-N.D., Kent Conrad, D-N.D., and John Thune, R-S.D., co-sponsored the bill. Many farmers in the Dakotas have suffered losses due to a record drought, and after legislators were unable to pass a disaster aid bill in the previous Congress, Dakota senators hope this bill will prevent them from having to fight for more aid each year.

"We are hoping this will provide some level of predictability," Thune says. "In the long run, I think it's fiscally sound to plan for these things."

However, Republican opposition previously objected to the price tag, claiming the aid would be too expensive, and the 110th Congress may still not be able to override a Bush veto.

The bill would:

  • Compensate agricultural producers in federally declared disaster counties and contiguous counties who lose more than 35% of their crop due to weather conditions. Those producers would be eligible for a payment of 65% of the crop price.
  • Require producers to purchase crop insurance to be eligible, or, in the case of a noninsurable commodity, participate in the Noninsured Crop Disaster Assistance Program.
  • Compensate ranchers in designated disaster counties and contiguous counties for either grazing losses sustained due to natural disasters or cattle losses due to hurricanes, floods, wildfires, extreme heat or other weather conditions as determined by the Secretary of Agriculture.

 

Source: Cattle Network



Permalink: Click here

Tagged: farm, insurance, Drought, grazing

Comments
Read comments from others and share your own thoughts.
Please provide the answer to the following question:

 = 
 
Search this site:   

Read More Stories
USDA Seeks Comment on Report Timing
Read this storyWith new market hours,USDA is looking into the right time to release information to the market.
Read this story

Weekend Forecast Changes Pivotal for Grain Futures
Read this storyEurope remains a concern, but the big driver on Tuesday will likely be the state of next week’s anticipated Midwest rains.
Read this story

Farm Markets Rise Ahead of Holiday
Read this storyOvernight boost based on positive comments from Europe aimed at pressuring Germany.
Read this story

 
USDA Seeks Comment on Report Timing
Afternoon Recap by Arlan Suderman
Weekend Forecast Changes Pivotal for Grain Futures
The Buzz: Grain Market Chaos Continues
Weekly Fertilizer Review
Morning Call by Bryce Knorr
Satellite Imagery Shows the Good and the Bad
CRP Signup Results Announced
Farm Markets Rise Ahead of Holiday
Livestock Call By John Otte
Top 50 Tags
4-H afternoon recap American Farm Bureau Federation American Soybean Association animal health arlan suderman biodiesel biofuels bryce knorr BSE Bushel checkoff cotton Drought Environmental Protection Agency EPA ethanol Extension extension service farm farm bill Farm Bureau farm futures farm futures magazine farm futures market farm progress Farm Service Agency farmfutures farmfutures.com farming farmprogress.com fertilizer FFA free trade agreement Harvest insurance labor legal National Cattlemen's Beef Association National Corn Growers Association NCGA soybean soybean association soybeans SURE usda wheat winter wheat www.farmfutures www.farmfutures.com