Washington, D.C. – Representative Rick Crawford (AR-01) joined 47 of his colleagues in introducing legislation that will provide immediate support to farmers as Congress continues debating a long-term Farm Bill. The Farm Assistance and Revenue Mitigation Act (FARM Act) provides emergency assistance to producers of eligible commodities for which the expected revenue in crop year 2024 is below the projected per-acre cost of production. Current Farm Bill safety net provisions utilize cost of production data from 2012. As a result, the aid provided by these programs has not kept up with inflation.
“As lending season approaches, farmers must work to secure credit for the upcoming year. Unfortunately, credit is drying up as producers face climbing farm input costs and a decline in net farm income. Congressional Democrats have been unwilling to compromise on a new Farm Bill that provides long-term certainty for farm country, and so House Republicans are stepping up once again for our ag producers with this critical economic assistance,” said Rep. Crawford.
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“Farmers have been hit with circumstances outside of their control, such as natural disasters, inflation pressures, and drought, which have crippled their ability to obtain financing from credit and banking institutions. The FARM Act will bridge the gap, providing relief so that our farmers can continue to do their best—feed the nation,” said Congressman Trent Kelly (MS-01).
Original co-sponsors include: Representatives Sanford Bishop (GA), Julia Letlow (LA), Rick Allen (GA), Michael Guest (MS), Mike Rogers (AL), Barry Moore (AL), Austin Scott (GA), Don Bacon (NE), Rick Crawford (AR), Jerry Carl (AL), John Rose (TN), Vicente Gonzalez (TX), Greg Murphy (NC), Jake Ellzey (TX), Troy Nehls (TX), Dale Strong (AL), Brad Finstad (MN), David Rouzer (NC), Robert Aderholt (AL), Chuck Fleischmann (TN), Michelle Fischbach (MN), Mike Ezell (MS), Troy Balderson (OH), Tony Gonzales (TX), Henry Cuellar (TX), Michael McCaul (TX), Monica De La Cruz (TX), Clay Higgins (LA), Mike Collins (GA), Pat Fallon (TX), Pete Sessions (TX), Ronny Jackson (TX), David Kustoff (TN), Randy Feenstra (IA), John Carter (TX), Frank Lucas (OK), August Pfluger (TX), Gary Palmer (AL), Juan Ciscomani (AZ), Buddy Carter (GA), Brian Babin (TX), Jim Baird (IN), Randy Weber (TX), Lance Gooden (TX), Marjorie Taylor Greene (GA), Marc Veasey (TX), Nathaniel Moran (TX), and Michael Rulli (OH).
The FARM Act is endorsed by:
American Farm Bureau Federation, American Soybean Association, National Association of Wheat Growers, National Barley Growers Association, National Cotton Council, National Sorghum Producers, National Sunflower Association, U.S. Canola Association, U.S. Peanut Federation, USA Dry Pea & Lentil Council, USA Rice, Western Peanut Growers Association and National Corn Growers Association.