Private Disaster Relief for Farmers
Manage episode 161262507 series 1240989
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By nature of occupation, farming requires taking on tremendous risk and uncertainty in return for modest pay. The American farmer often faces unforeseeable hardships such as crop failure, pestilence, climate fluctuation, and natural disaster. This reality rings true especially for producers impacted by the floods in Arkansas and Louisiana this summer. For decades, farmers have relied upon ad-hoc disaster assistance to compensate for setbacks, but can no longer count on this solution. The agriculture community has also recently experienced a historic drop in net farm income and cuts to traditional farm support programs after the passage of the 2014 Farm Bill. I introduced the Farm Risk Abatement and Mitigation Election (FRAME) Act, which incentivizes farmers to save money for disaster scenarios
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