National Corn Growers Association delegates approved policy recommendations supporting a revenue-based farm safety net to protect producers from volatile commodity prices and substantial yield losses.
The 126 corn-grower delegates approved the proposal, known as the National Farm Security Act, at its Corn Congress in Washington, D.C., last week.
The proposal was recommended by NCGA's Public Policy Action Team after months of evaluating studies and analysis of various farm support concepts.
Today's farm bill offers a producer protection against adverse markets and crop losses through a combination of price based support programs and federal crop insurance, states NCGA President Gerald Tumbleson. "The revenue-based safety net option would cover both price and yield."
NCGA is advocating for an appropriate implementation transition period. "NCGA will continue the farm bill discussion process working with other commodity groups to evaluate the best available options for producers," he adds.
Also included in the approved policy is text stating that "if at an appropriate time it is determined that extending the current farm bill is the best option, NCGA will support that extension through 2012."