The Agriculture Risk Coverage (ARC) risk management program and crop insurance have been critical to helping corn farmers during a weak farm economy and should be maintained in the next farm bill, National Corn Growers Association President Wesley Spurlock testified today at House Agriculture General Farm Commodities and Risk Management Subcommittee hearing.
“Together, crop insurance and the ARC-County program have helped many farmers weather the storm of a weak farm economy and avoid bankruptcy,” said Spurlock, who raises corn, cotton, wheat, sorghum, and beef cattle in the Texas Panhandle.
Spurlock noted that corn prices have averaged below $4.00 per bushel since 2013, and are projected to average just $3.40 this marketing year.
“At that price, few corn farmers have a positive net income. Meanwhile, we face a lot of uncertainty about federal policy on renewable fuel and trade, and how that will impact our bottom lines,” testified Spurlock. “We must work together to rebuild a strong farm economy – but in the meantime, strong farm bill programs are essential to support farmers. ARC was designed to be a market-based program that provides support only when needed, and now is that time. By and large, the program is working as intended.”
Click here for NCGA’s full written testimony.
NCGA is taking a series of actions to do our part to help contain the spread of the coronavirus (COVID-19) and the economic fallout it is creating for corn farmers and our customers. Short term, this means instituting policies to protect the health and safety of our stakeholders and the broader communities we serve. Long term, we’re focused on creating solutions to help corn farmers and our customers recover from the financial impacts of this crisis.
CommonGround is a group of farmers connecting with consumers through conversations about science and research and personal stories about food and misinformation surrounding farming. Supported by the NCGA and state corn organizations.
The Soil Health Partnership (SHP) is a farmer-led initiative that fosters transformation in agriculture through improved soil health. Administered by NCGA the partnership has more than 220 working farms enrolled in 16 states. SHP’s mission is to utilize science and data to partner with farmers who are adopting conservation agricultural practices that improve the economic and environmental sustainability of the farm.