Wednesday, May 14, 2008
A SURE thing in the farm bill
One of the new provisions in the farm bill, if the thing ever gets passed, is an add-on to the disaster payment program, called SURE (SUpplemental REvenue Assistance Payments).
"This is the permanent disaster program that generated a lot of debate during the writing of the Farm Bill," Agriculture Online Business Editor wrote in a new story on the topic.
"At times it pitted Corn Belt members of the agriculture committees against those from the Great Plains, where crop insurance and other safety net programs haven’t always worked well for wheat farmers facing multiple years of drought," Looker wrote.
One change with this approach to disaster assistance is that it would be directed only to producers who can actually show a loss, rather than just live in a county or an adjacent county that has suffered a loss."
And you must buy at least low-value, catastrophic coverage to get disaster payments.
Dan's story details how the program works and what the numbers look like in different situations.