The new farm bill provides relief for ranchers who have suffered losses to their heard as a result of the drought and new bill may benefit many locals in the livestock industry.
Agriculture is an important part of the economy in the high plains and this yearâ??s farm bill offers a lifeline to livestock producers who are reeling from the effects of the drought.
The federal government, recognizing the need for assistance to livestock producers, pushed for the Agricultural Act of 2014. The law, signed by president Obama in February, seeks rapid implementation of assistance programs for drought-stricken livestock producers.
â??The big one up here from a livestock standpoint is the LDFP, the livestock disaster and forage program, and thatâ??s basically from October 2011 until current time going to assist our livestock producers by giving them payments for pasture losses, essentially,â?? said DeDe Jones of Texas A&M Agrilife
The farm bill, also known as the Agricultural Act of 2014 is a key piece of legislation that authorizes programs and services that touch nearly every American, and profoundly influences the global food supply chain.
The high plains play a key role in supplying beef to the rest of the nation and the world, so this disaster relief and assistance is exactly what they need in order to remain competitive and ensure their financial sustainability.
"The farm bill is very important to this region. The new farm bill is more insurance-based than we've seen in the past, but with the volatility we've seen in commodity prices and yields given our droughts, it will provide a very important safety net to our producers,â?? said Dr. Steve Amosson of Texas A&M Agrilife.
If your herd has been affected by drought, apply at your local Farm Service Agency before the end of the federal fiscal year in September, to ensure full relief payment, as congress could cut funding for the program. The USDA website has more information of the Farm Bill.