Fostering financial stability, providing a safety net that provides meaningful assistance to all producers, and appropriate risk management tools are vital for a thriving agricultural sector and the rural economy.
U.S. agriculture continues to experience structural changes at a breathtaking pace. Consolidation, new opportunities for renewable energy, and the growth of foreign trade opportunities and competition have fundamentally changed the nature of farming and farm economics. Ensuring producers have the tools to meet these challenges, including access to adequate credit, appropriate tax incentives and policies, and risk management opportunities.
The business of agriculture is high risk. Thus, agricultural policy should provide producers of all commodities with reasonable protections against both financial and production losses beyond their control.