Farm Act Pt 2
From the Ag Information Network, I’m Bob Larson. As farmers struggle to deal with assorted challenges and wait on a new Farm Bill, the Farm Act is one potential relief from Congress to help offset some financial pressures.
Farm CPA Paul Neiffer (NEEF-er), of Walla Walla, tells the Top Producer podcast that while it is specific to certain
crops, the Farm Act would not be based on base acres …
NEIFFER … “Unlike ARC and PLC that are based solely
on base acres, and again, you only get paid on 85% of base acres, this is based on what did you plant for the 2024. So, if you planted 1000 acres of corn in 2024 and 1000 acres of soybeans, you're going to be paid based on 1000 acres of corn and 1000 acres of soybeans, plus you're going to then be eligible for an additional 50% of the acres that were prevented from being planted.”
Neiffer says, for the most part, he likes what he sees in the bill …
NEIFFER … “I like the idea that they're specifically telling USDA, hey, this is how you're going to calculate this. Don't deviate from this. Use what we have told you, not what you decided to come up with. And after the elimination of the Chevron Deference, USDA better follow this act because they would definitely get sued again.”
Neiffer suggests contacting your congressman if you're in favor of the FARM Act.
