Rep. Trent Kelly (R-Miss.), along with 48 other cosponsors including Rep. Rick Crawford (R-Ark.) recently introduced the FARM Act, aimed at providing critical emergency assistance to producers of eligible commodities whose anticipated revenue in the 2024 crop year falls below projected per-acre production costs. This financial support is expected to help farmers manage debt associated with the 2024 crop and aid in securing financing for the 2025 crop year. Click here to read the full legislation and to follow the FARM Act’s progress.
This Ag Insider was authored by ArFB economists Brandy Carroll, John McMinn and Tyler Oxner. To read the full document, click here.