Georgia Farm Bureau's Leadership Alert - July 7, 2010

Page 1

July 7, 2010

www.gfb.org

Vol. 28 No. 27

GFB MEMBER TESTIFIES AT SENATE FARM BILL HEARING Having a stable and effective farm policy is crucial to the economic success of rural communities, Georgia Farm Bureau member and Worth County Farm Bureau Director Johnny Cochran said while testifying at the farm bill hearing held by the U.S. Senate Committee on Agriculture, Nutrition and Forestry in Washington, D.C., June 30. Cochran testified at the invitation of Sen. Saxby Chambliss, ranking member of the Senate Agriculture Committee. “The production, processing and marketing of peanuts and cotton are the cornerstones of the economy in my rural home county,” Cochran, of Sylvester, said. “That’s why a predictable and stable farm policy is important to me and my neighbors.” Cochran said that to be effective, federal farm policy must be market-oriented, allow for full production, provide a predictable, effective financial safety net, ensure the availability of competitively priced peanuts and cotton to domestic and international endusers and allow participation without regard to farm size or structure. “The 2008 farm bill made historic changes to payment limitations and program eligibility. I understand these reforms, but commercial-size, [family-owned] farming operations like mine need to be eligible for farm programs,” Cochran said. Cochran explained that the marketing loan program “gives lenders the confidence to provide operating loans, and it provides growers the opportunity to make orderly marketing decisions.” During questioning, Cochran further explained, “Marketing loan programs for cotton and peanuts are very important to us because it allows us to market our crops over a ninemonth period and to have cash flow as we harvest our crops.” Cochran asked the committee to include language in the next farm bill that will ensure the USDA implements the peanut marketing loan program as Congress intended it to. “Unfortunately, the [peanut] marketing loan has not functioned as it was intended because USDA has not followed the Committee’s direction to consider international prices when calculating the peanut loan repayment rate,” Cochran said. “I ask the Committee to include language in the next farm bill that will assure that the prices our international competitors are selling peanuts for will be considered in establishing the repayment rate.” Cochran also gave testimony regarding crop insurance saying, “Crop insurance is an essential risk management tool for producers. I believe crop insurance should always be considered a complement to good commodity programs, not a substitute.”


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Georgia Farm Bureau's Leadership Alert - July 7, 2010 by Georgia Farm Bureau - Issuu