The timing and structure of farm aid payments have ag economists worried

Disaster aid is vital for many farms and ranches across the United States, but some are concerned with the timing of those payments, saying many farmers are left carrying a heavy burden.

Last December, Congress approved billions of dollars in disaster aid for farmers, but those checks did not start clearing until recently, with some producers having to wait until next month before that relief arrives. Economists at Texas A&M say crop protection tools are also failing, despite a big financial boost in the “Big, Beautiful Bill.”

Some producers are left with losses exceeding $100/acre, with ARC and PLC only covering 37 percent of that. They are calling for stronger trade deals and more ethanol markets to help keep farms afloat.

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FarmHER to premiere on Tuesday, March 19th at 9 p.m. ET with 6 New Episodes; and RanchHER to premiere on Tuesday, April 30th at 9 p.m. ET with 6 New Episodes
Mon, 3/4/24 – 8 PM ET | 7 PM CT | 6 PM MT | 5 PM PT
What can these facilities do to protect themselves? I wrote about this issue last spring, and since that time, the U.S. Court of Appeals for the Eighth Circuit has issued a significant opinion. That makes an update in order.