Farms.com Home   Ag Industry News

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

Farm Bill brought more funding to a variety of agriculture initiatives

By Diego Flammini, Farms.com

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.


 


Trending Video

2026 USDA Acreage Fireworks Next Week? + RVO’s Old new

Video: 2026 USDA Acreage Fireworks Next Week? + RVO’s Old news


Next week’s USDA reports (acreage/stocks) could be a surprise/market moving. RVO’s (new blending biofuel requirements) were as expected with no big surprises and already baked into futures. E15 summer waiver just simply good optics. Markets are skeptical that the war in Iran ends soon with no diplomatic off ramp. The Trump/Xi meeting in China now May 14 – 15. March 1 USDA hogs and Pigs report was friendly/bullish + CFTC and more.