t may have taken about three years, but a lobbying campaign by the cotton and dairy industries to increase their subsidies may just pay off. The budget and disaster-aid package worked out by congressional leaders on Wednesday would make seed cotton eligible for Price Loss Coverage, which makes payments to growers when crop prices drop below certain levels, starting with the 2018 crop year. It would also eliminate a $20 million cap on crop insurance for livestock producers, allowing new policies tailored to dairy farmers to be developed, and bolster the Margin Protection Program for those farmers.
Article Link:
Article Source:
Politico
category: