Here is a summary of the new Commodity Title of the Farm Bill for California rice recently passed by Congress along with selected tax provisions important to agriculture.
As noted, decision tools will be developed in the upcoming months. For this year, growers will receive the better of ARC or PLC in the event that either program is triggered.
Download and read the summary PDF
Contact the CRC’s President & CEO, Tim Johnson, at tjohnson@calrice.org with any questions or for more information.
In Congress’s budget reconciliation, signed on July 4 by President Trump, significant improvements were made to Title 1 of the Farm Bill, including:
Growers can annually select ARC or PLC for their operation. All payments continue to be subject to a 5.7% sequestration.
The US rice industry was only able to achieve these results through collaborative work among all states. Great credit is due to USA Rice for their years-long work on improving the rice safety net and support of both Chairman GT Thompson and Senate Ag Committee Chair John Boozman.
Please find their comprehensive analysis here.
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