Saturday, February 7 marks one year anniversary of 2014 Farm Bill

Feb 05, 2015

Farm Bill brought more funding to a variety of agriculture initiatives

There’s a very special anniversary taking place on Saturday, February 7.

It was on February 7, 2014 that US President Barack Obama signed the 2014 Farm Bill into law.

At the time, the US Senate Committee on Agriculture, Nutrition & Forestry called it “the most significant reform of American agriculture policy in decades.” The bill reduces the country’s deficit by $23 billion.

On the eve of the anniversary, Secretary Tom Vilsack said the legislation affects more than just farmers and food producers.

"Thanks to the Farm Bill, farmers have a common-sense risk management system in place to protect their families and livelihoods from future disasters,” he said in a release. “It's helped families become first time home buyers. It's supported rural businesses as they grow and create jobs. Communities have clean drinking water, some for the first time. Farm Bill disaster assistance programs have helped to rebuild lives.”

Almost every aspect of agriculture in the United States is set to benefit from the 2014 Farm Bill including providing $100 million in funding for the Beginning Farmers and Ranchers Development Program, $200 million for an agricultural research foundation, $150 million for water and wastewater support and restored disaster assistance back to 2011 and is going to establish a permanent program for livestock disaster.

Video: Finding a Balance of Innovation and Regulation - Dr. Peter Facchini

Regulations help markets and industry exist on level playing fields, keeping consumers safe and innovation from going too far. However, incredibly strict regulations can stunt innovation and cause entire industries to wither away. Dr. Peter James Facchini brings his perspective on how existing regulations have slowed the advancement of medical developments within Canada. Given the international concern of opium poppy’s illicit potential, Health Canada must abide by this global policy. But with modern technology pushing the development of many pharmaceuticals to being grown via fermentation, is it time to reconsider the rules?

Dr. Peter James Facchini leads research into the metabolic biochemistry in opium poppy at the University of Calgary. For more than 30 years, his work has contributed to the increased availability of benzylisoquinoline alkaloid biosynthetic genes to assist in the creation of morphine for pharmaceutical use. Dr. Facchini completed his B.Sc. and Ph.D. in Biological Sciences at the University of Toronto before completing Postdoctoral Fellowships in Biochemistry at the University of Kentucky in 1992 & Université de Montréal in 1995.