Here are a few insights on some of the provisions in the newest farm bill by
The CCC national loan rates were adapted for the most commoncrops in the Upper Midwest, beginning with the 2019 crop year:
The new Farm Bill will make some significant improvements to the current Dairy Margin Protection Program (MPP), which will now be named“Dairy Margin Coverage” (DMC). The DMC upgrades will especially benefit small to medium-sized dairy herds, less than 250 cows. These improvements are in addition to changes that were made earlier this year in the federal budget bill.
There are very few changes to the crop insurance program. However, the USDA Risk Management Agency has the ability to make year-to-year adjustments in crop insurance program options.