An insurance provision in the U.S. farm bills proposed by the House and Senate could have corn, soybean, and wheat farmers making more money in a bad year, such as during a drought, than in a good year, an environmental group said.
The new U.S. farm bill might violate World Trade Organizationrules against trade-distorting subsidies, major U.S. business groups said in an appeal to revamp the bill, which is already facing slim odds of passage.
Hundreds of U.S. farm and agribusiness groups have urged Republican leaders in the House to try again to pass the $500 billion, five-year farm bill that suffered an historic and unexpected defeat in June.
Republican budget-cutters joined Democratic defenders of food stamps to deal a shocking defeat to the $500 billion farm bill backed by Republican House leaders.
The U.S. government has ordered crop insurers to charge lower premiums to soybean growers for the second year in a row as part of rate revisions for six major crops, even as many farmers collect on claims following this year's severe drought.
U.S. taxpayers could pay a record $15 billion to subsidize the privately run crop insurance program this year, double the recent cost due to devastating drought in the Farm Belt, say an array of agricultural economists.
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"articles": [
{
"uri": "/2013/10/11/u-s-farm-bill-windfall-option-could-cost-billions-extra-study/",
"title": "U.S. Farm Bill 'Windfall' Option Could Cost Billions Extra: Study",
"byline": "Charles Abbott, Reuters",
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"summary": "An insurance provision in the U.S. farm bills proposed by the House and Senate could have corn, soybean, and wheat farmers making more money in a bad year, such as during a drought, than in a good year, an environmental group said.",
"body": null
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{
"uri": "/2013/09/17/u-s-farm-bill-might-violate-trade-rules-u-s-business-groups/",
"title": "U.S. Farm Bill Might Violate Trade Rules: U.S. Business Groups",
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"summary": "The new U.S. farm bill might violate World Trade Organizationrules against trade-distorting subsidies, major U.S. business groups said in an appeal to revamp the bill, which is already facing slim odds of passage.",
"body": null
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{
"uri": "/2013/07/03/groups-urge-u-s-house-leaders-to-try-again-on-farm-bill/",
"title": "Groups Urge U.S. House Leaders to Try Again on Farm Bill",
"byline": "Charles Abbott, Reuters",
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"summary": "Hundreds of U.S. farm and agribusiness groups have urged Republican leaders in the House to try again to pass the $500 billion, five-year farm bill that suffered an historic and unexpected defeat in June.",
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{
"uri": "/2013/06/21/u-s-house-deals-shock-defeat-to-republican-farm-bill/",
"title": "U.S. House Deals Shock Defeat to Republican Farm Bill",
"byline": "Charles Abbott, Reuters",
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"prettyDate": "June 21, 2013",
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"summary": "Republican budget-cutters joined Democratic defenders of food stamps to deal a shocking defeat to the $500 billion farm bill backed by Republican House leaders.",
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{
"uri": "/2012/11/29/u-s-cuts-crop-insurance-rates-for-soybeans-rice-de/",
"title": "U.S. Cuts Crop Insurance Rates for Soybeans, Rice Despite Drought",
"byline": "Charles Abbott, Reuters",
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"prettyDate": "November 29, 2012",
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"summary": "The U.S. government has ordered crop insurers to charge lower premiums to soybean growers for the second year in a row as part of rate revisions for six major crops, even as many farmers collect on claims following this year's severe drought.",
"body": null
},
{
"uri": "/2012/10/17/drought-brings-record-u-s-cost-for-crop-insurance-subsidy/",
"title": "Drought Brings Record U.S. Cost for Crop-Insurance Subsidy",
"byline": "Charles Abbott, Reuters",
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"prettyDate": "October 17, 2012",
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"summary": "U.S. taxpayers could pay a record $15 billion to subsidize the privately run crop insurance program this year, double the recent cost due to devastating drought in the Farm Belt, say an array of agricultural economists.",
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