New Analysis Reinforces Urgent Need for Additional Farm Support

American Farm Bureau President Zippy Duvall highlights the urgent need for legislation expanding the bridge support program for farmers, reinforced by new analysis indicating the economic crisis in farm country is likely to continue this year.

“We are grateful for the aid Congress has delivered to farmers this year and do not take that for granted. But we are in an economic crisis, the likes of which we haven’t seen in decades. New Farm Bureau analysis reveals farmers are likely to face another very difficult year if markets do not improve. The sad reality is the climbing rate of farm bankruptcies and further consolidation of farms is only going to accelerate if Congress fails to act.

“Members of Congress on both sides of the aisle have assured us in recent weeks that they recognize more aid is needed to keep our food supply strong, which requires a strong agricultural sector. Many have also voiced strong support for approving year-round E15 fuel, which would be a win-win for consumers and farmers by reducing the price of fuel at the pump while increasing demand for both corn and sorghum.

“The target for months has been to include both priorities in the government funding package. So, it was a shock to see bill text proposed by the House that includes neither. There is still time. Congress must act. Failing to do so would not only fail farmers, who don’t control the prices they’re paid or the skyrocketing cost of supplies, it would fail every family in America who relies on farmers to provide safe and healthy food to stock their pantries.

“We know much work is yet to be done for a legislative package to reach the finish line. The importance of including a lifeline for farmers, which translates to food security for families across America, cannot be overstated.”

Read the Market Intel analysis here.