
The American Farm Bureau Federation, in cooperation with American Farm Bureau Insurance Services, has developed a new risk-management insurance product for dairy farmers. Approved by the Agriculture Department’s Federal Crop Insurance Corporation, “Dairy Revenue Protection” insurance will provide dairy farmers the opportunity to manage risk by focusing on revenue from milk sales.
“We know that the level of risk protection available to dairy farmers was inadequate and we saw a clear opportunity to help by specifically addressing the impact of milk price volatility on a dairy farmer’s revenue,” said AFBF President Zippy Duvall. “This coverage will help shield dairy farmers from unexpected declines in milk prices as well as unexpected declines in milk production by addressing overall revenue. We are excited about teaming up with American Farm Bureau Insurance Services to offer this new risk management tool to dairy farmers.”
From AFBF President Zippy Duvall:
Congress has introduced the long-awaited Farm Bill (H.R. 2) and it addresses many long-standing issues important to farmers and ranchers:
Governor Ralph Northam today announced a new land conservation strategy that will focus resources on preserving lands with the highest conservation value for the Commonwealth. Working with state agencies and partners, the administration will first prioritize permanent protection of the top two percent of lands with the highest conservation value, with the goal of achieving protection of the entire top ten percent within the next ten years.
Senate Majority Leader Mitch McConnell introduced “Hemp Farming Act of 2018” on Thursday that would remove federal barriers to hemp.
On Thursday the House Agriculture Committee Chairman Mike Conway released details on H.R. 2, the Agriculture & Nutrition Act of 2018 (Farm Bill). It is Virginia Farm Bureau’s understanding that the bill will be marked up next Wednesday, April 18th at 10:00 a.m.
American farmers are already facing low commodity prices and the uncertainty of a ‘trade war’ drives prices even lower hurting farmers and ranchers and rural communities. Commodity prices will fall as both sides ratchet the trade dispute upward.
Farmers are well-aware markets ebb and flow, but the tariff tit-for-tat between the U.S. and China is testing both the patience and optimism of families who are facing the worst agricultural economy in 16 years, cautioned American Farm Bureau Federation President Zippy Duvall.
Governor Northam has appointed Dr. Jewel H. Bronaugh Commissioner of the Virginia Department of Agriculture and Consumer Services.