On Monday, with only weeks before the end of this session of Congress, Senate Agriculture Committee Chairwoman Debbie Stabenow (D-MI) at last released the text of her nearly 1400 page farm bill the Rural Prosperity and Food Security Act.
According to Sen. Stabenow, the bill includes funding from the IRA. “This bill will roll the historic investment we made in the Inflation Reduction Act into the farm bill baseline for the future,” she said on the Senate floor. “We take dollars for voluntary conservation programs that farmers are using, right now that funding is outside the farm bill baseline, we can make a tremendous move forward for farmers by moving it into the farm bill baseline while keeping the language regarding climate.”
Stabenow says her bill improves on crop insurance for farmers. “Importantly, I include a provision that will partially reimburse farmers crop insurance premiums,” she said. “Again, we can use the structure and policies of a farm bill rather than ad hoc assistance and just move up the payments, provide more assistance right now, and do it while we’re passing a five year farm bill.”
Also on Monday, the White House made a formal request to Congress for $21 billion in disaster aid for farmers who have lost crops and livestock due to natural disasters over the past two years, including the most recent hurricanes.
Sen. Stabenow farm bill (10:47)