House Ag Committee Announces Series Of Hearings To Focus On The Farm Economy

House Agriculture Committee Chairman K. Michael Conaway (R-TX) announced this week that the committee will begin a series of hearings titled Focus on the Farm Economy. Each of the six subcommittees will examine growing pressure in rural America from the perspective of the subcommittee. The first hearing in the series—Focus on the Farm Economy: Growing Farm Financial Pressure—will be this Thursday at 10:00 a.m. Eastern time in 1300 Longworth before the General Farm Commodities and Risk Management Subcommittee. Over the past three years, net farm income has fallen by 56 percent, the largest three-year percentage decline in net farm income since the Great Depression.

Upon announcing the hearing, Chairman Conaway released the following statement:

“As chairman of this committee, I am increasingly concerned about the direction the farm economy is headed. With no relief in sight, it is more important now than ever that we protect the Farm Bill and push back against attacks on the risk management tools that are so vital in protecting our farms and ranches.