Chairman Frank Lucas issued the following statement welcoming the news that the U.S. Department of Agriculture (USDA) will move forward with implementing the Actual Production History (APH) adjustment for 2015 spring-planted crops. This crop insurance provision in the Agricultural Act of 2014 allows yield adjustments when losses are widespread and beyond the control of producers.
In Case You Missed It: Dodd-Frank Act Will Increase Costs for Farmers and Ranchers
Tamara Hinton (202) 225-0184
WASHINGTON – A report from CNBC explains the negative impact the Dodd-Frank Act will have on our farmers and ranchers on the day President Obama signed the bill into law. In the report, a rancher from Wyoming discusses how there could be fewer hedging opportunities, which will increase the cost of doing business.
To watch the complete video click here.