Stabenow releases text of Senate farm bill proposal

Earlier today, Senate Agriculture Committee Chairwoman Debbie Stabenow, D-Mich., released the Rural Prosperity and Food Security Act, proposed farm bill text.

The Iowa Soybean Association is evaluating the 1,397-page document, but is committed to advocating for a farm bill that addresses the following areas of importance:

Crop insurance: The bill’s provisions for crop insurance are of paramount importance, given the unpredictability of weather patterns and market fluctuations. Strong support for risk management programs, including higher reference prices, is essential to provide farmers with a safety net in challenging times.

Research funding: Research funding is critical to developing innovative farming techniques and practices that can increase yield while minimizing environmental impact. ISA advocates for robust funding for agricultural research and development to ensure the industry remains at the forefront of innovation.

Expanding trade opportunities: The farm bill also presents opportunities to elevate the Market Access Program (MAP) and Foreign Market Development (FMD) program, trade promotion programs that lead to increased demand for Iowa soybeans. These programs are indispensable for expanding our market reach and promoting Iowa soybeans globally.

Protecting these programs ensures continued support and long-term competitiveness for Iowa’s 40,000 soybean farmers.

Read the full text of Stabenow’s farm bill proposal here.