Nebraska Farm Bureau: References prices need attention before the 2023 Farm Bill

The Nebraska Farm Bureau is calling for a thorough review of reference prices ahead of the 2023 Farm Bill.

Right now, crop prices are much higher than the target prices for the Price Loss Coverage Program. The last time this happened, there was a big drop in farm income just two years after the Farm Bill was written.

Nebraska Farm Bureau members say reference prices need to come in line with the cost of production, and they hope the legislation addresses that.

They say ag groups in Washington support the idea.