The American Soybean Association (ASA) and five other national farm organizations representing 70 percent of field crop acreage in the U.S. reached agreement on common positions regarding the farm bill proposals being developed by the Congressional Agriculture Committees as part of the deficit reduction effort under the Budget Control Act.
Together with the National Corn Growers Association, National Association of Wheat Growers, National Barley Growers Association, National Sunflower Association, U.S. Canola Association and USA Dry Pea & Lentil Council, ASA endorsed a farm-level revenue program which would partially offset losses caused by lower prices or yields that exceed a certain percentage.
The groups also asked the Committees to not offer a target price program as an alternative to a revenue-based program for their crops, and to restrict plantings under such a program for other crops to their base acres on a farm, and to their established yields.
The Committees were working to finalize their recommendations to the Joint Committee on Deficit Reduction this week.
The Joint Committee is facing a deadline of Nov. 23, to agree on a package of $1.2 trillion in spending cuts and revenues.
Congress is required to vote on legislation based on the Joint Committee's plan before Dec. 23. If it is not enacted by early January, spending cuts of $1.2 trillion will be made to domestic and defense programs through the process of sequestration beginning in January 2013.