When first passed in 1933, the Farm Bill (then known as the Agricultural Adjustment Act) was designed to incentivize struggling growers to produce more food for Americans suffering from the Great Depression. Although that time has long since passed, America’s farmers and ranchers continue to face challenges ranging from volatile market prices to erratic weather patterns.
Take, for example, California’s historic drought: according to economic analyses conducted by UC Davis, California’s drought caused $5.6 billion in losses to the state’s agricultural economy in its final three years. For California’s farmers and ranchers, the farm bill not only provides a healthy safety net, but more importantly, peace of mind.
Specifically, three titles within the Farm Bill help create a strong safety net for our farmers and ranchers: commodities, crop insurance and trade.
To read the full blog post, click here.
Sign up here to receive NASDA News.