10 Things Every Farmer Should Know About The 2018 Farm Bill

 

Producers will gain farm program flexibility and modestly larger support from the federal safety net in the 2018 Farm Bill, which takes effect with 2019 crops. It will be easier to switch between ARC and PLC, marketing loan rates are higher, and there's the possibility of a 15% increase in PLC reference prices.

Crop Insurance As A Priority

Congress delivered on the top priority of farm groups: maintenance of a strong crop insurance program. Provisions would remove crop insurance barriers to cover crops.

Here's a run-through of the 10 major points of the five-year farm bill.

1. SELECTION BETWEEN ARC AND PLC

Growers made a one-time election between ARC and PLC for the life of the 2014 Farm Bill. Under the new bill, they will make a selection between ARC and PLC for 2019 and 2020 crops. Beginning in 2021, it's an annual selection. PLC is always the default option.

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About Swier Law Firm's Agricultural Law Practice Group

Swier Law Firm's Agricultural Law Practice Group handles the following types of agricultural law issues:

  • Crop Insurance Disputes
  • Business Planning
  • Contracts
  • Clean Air Act
  • Environmental Law
  • Estate Planning
  • Insurance
  • Leases
  • Real Estate
  • Taxation
  • Water Law
  • Preparing, Revising and Updating Farm Operation Governance and Compliance Materials, including Bylaws, Committee Charters, and Compliance Policies.

Take a look at our valuable agricultural law books and articles. Our materials are full of tips and advice. All materials are written by the law firm's nationally recognized agricultural law attorneys and provide detailed South Dakota-specific information designed to help anyone with agricultural law issues. You can request your free copy by clicking on the book cover below.