FARM ACT 2014- This bill was signed on February 7, 2014 by the US president Barack Obama. The bill passed in the United States House of Representatives on January 29, 2014, and the United States Senate on February 4, 2014 during the 113th United States Congress. U.S. President Barack Obama signed the bill into law on February 7, 2014. The bill is considered two years late, since farm bills are traditionally passed every five years. The previous farm bill, Food, Conservation, and Energy Act of 2008, expired in 2012.
The former bill 2008 Farm Bill continued direct payments—a system that paid producers regardless of whether they incurred losses but this bill eliminates the direct payments.
This bill will make positive changes in the various commodity programs running in the US, will give new insurance options, modifies Supplemental Nutrition Assistance Program (SNAP),conservation programs.
This bill will be a gift by the US government to its people specially for rural America as it will provide many employment opportunities and jobs to them.The 2014 Farm Bill’s safety net requires farmers and landowners to elect which program design they prefer based on what they think will be most effective for their operation, particularly in conjunction with crop insurance.
OSU Extension is the outreach arm of Ohio State University’s College of Food, Agriculture, and Environmental Sciences and will be co-hosting the events in cooperation with Farm Credit Mid America, USDA Farm Service Agency and Farm Bureau.
Significant analysis is needed to compare the new programs and provide valuable information to the farm’s decision makers, who will be locked into the program choice for the life of this farm bill.
The total budget alloted for this bill can be seen through the below pie chart