URBANA, Ill. (RFD News) — Farmers have received Ad Hoc support payments for several years, dating back to the first Trump administration.
University of Illinois economist Gary Schnitkey says that assistance has been critical, but producers should prepare in case those payments eventually come to an end.
“You don’t see that happening because we are talking about another round of Ad Hoc payments. If that happened, costs would need to adjust down, and that would include cash rents. Again, that’s not likely given the current political environment, but it is the risk that is out there.”
Before leaving for its August recess, the House passed a budget framework that includes $12 billion in additional farmer aid.
The Senate must now consider the package.
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