House Joins Senate in Passing 2018 Farm Bill

(WASHINGTON, DC) For the second time this year, the U.S. House of Representatives passed H.R. 2 – the 2018 Farm Bill. By a vote on Wednesday of 369-47, the House followed the Senate’s lead one day earlier and passed a Congressional compromise that marries both chambers bills into one. President Trump now gets the bill and is expected to sign it next week. The 2018 Farm Bill will provide farmers and ranchers in the U.S. with some certainty for the next five years. Specifically, the legislation will require farmers to make a new election to obtain either Price Loss Coverage (PLC) or Agricultural Risk Coverage (ARC) for the 2019-2023 crop years; replace the Dairy Margin Protection Program with Dairy Risk Coverage and modify coverage levels and premiums; reduce the adjusted gross income limitation (from $900,000 to $750,000) for receiving benefits under commodity and conservation programs; consolidate several existing trade and export promotion programs into a new Priority Trade Promotion, Development, and Assistance program; legalize industrial hemp and make hemp producers eligible for the federal crop insurance program; establish an interstate data system to prevent the simultaneous issuance of Supplemental Nutrition Assistance Program (SNAP, formerly known as the food stamp program) benefits to an individual by more than one state; increase the loan limits for farm ownership and operating loans; and modify the organic certification requirements for imported agricultural products.