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House subcommittee hearing emphasizes need for durable farm bill safety net
Summary
Chairman Scott and witnesses told the House Agriculture subcommittee that a predictable farm bill and risk management tools are essential to maintain credit access and keep family farms viable amid low commodity prices and high input costs.
Chairman Scott convened the House Agriculture Subcommittee on General Farm Commodities and Risk Management hearing titled “Financing Farm Operations: The Importance of Credit and Risk Management,” saying, “If we don't support today's farmers, there won't be a next generation ready to step in.”
The hearing brought together agricultural lenders and a producer to describe how rising input costs, lower commodity prices and market volatility are straining farm balance sheets and credit access. Ranking Member Davids said Kansas producers face high input costs, higher interest rates and market uncertainty and called for a strong safety net that “is accessible, and that it's responsive to…
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