State Specialist in Agricultural and Food Policy

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Presentation transcript:

State Specialist in Agricultural and Food Policy Farm Policy Update Amy Hagerman State Specialist in Agricultural and Food Policy Learn at Lunch September 25, 2018

Policy happenings in Washington DC Appropriations bill for USDA 2018 Farm Bill Trade negotiations September 30, 2018 September 30, 2018

The next farm bill… 2018…2019…??? July 18 August 3 ? ? ? ? HOUSE H.R. 2 Agriculture and Nutrition Act of 2018 June 21 SENATE S. 3042: Agricultural Improvement Act of 2018 June 28, 2018 July 18 August 3 CONFERENCE September 5 ? ? FULL HOUSE Floor Vote FULL SENATE Floor Vote ? ? WHITE HOUSE Signature

Overview of versions under discussion Focus is risk management ARC/PLC, Crop Insurance Maintains omnibus concept Nutrition and farm programs remain together Sharp partisan differences may stall progress in conference Supplemental Nutrition Assistance (SNAP, formerly Food Stamps) Conservation Overall effort to increase efficiency and cut costs, with very different philosophies on how to achieve that.

In the news and social media

Trade Negotiations Trade negotiations with Mexico and Canada Trade war with China Tariffs Retaliatory tariffs affecting agriculture

Market Disruption Losses July, 2018 Up to $12 billion in funds Aimed at targeted commodities August, 2018 3 different mechanisms Market Facilitation Program ($4.7 billion) Food Purchase and Distribution Program ($1.2 billion) Agricultural Trade Promotion Program ($200 million) Details on rate calculations: https://www.usda.gov/oce/trade/USDA_Trade_Methodology_Report.pdf

Market Facilitation Program Payment of 50% of actual 2018 production Sign-up September 4 to January 15 Requirements Active engagement AGI < $900,000 Conservation Compliance Separate $125,000 payment limits for crops and dairy/hogs. Decision on the other 50% of production will be made in early December. Details on rate calculations: https://www.usda.gov/oce/trade/USDA_Trade_Methodology_Report.pdf

Questions? Amy Hagerman amy.hagerman@okstate.edu 405-744-9811 We appreciate your feedback: https://okstatecasnr.az1.qualtrics.com/jfe/form/SV_1CcDUbdo9XMwXAN Visit us online at agecon.okstate.edu/agpolicy/