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.

LATEST STORIES BY THIS AUTHOR:

Thu, 8/31/23 – 10 PM ET | 9 PM CT | 8 PM MT | 7 PM PT
Jenna Paulette grew up working on her family’s ranch on the Oklahoma-Texas border. Her passion for agriculture can be heard in her debut album, released earlier this year.
CLAAS is pleased to announce its title sponsorship of the RFD-TV broadcast studios in Nashville, TN. The RFD-TV studios were officially recognized as the “CLAAS Studios” on July 3, 2023 further advancing the recognition of CLAAS as a leading large equipment manufacturer in North America.
Thursday, 8/17/23 – 10 PM ET | 9 PM CT | 8 PM MT | 7 PM PT