ICYMI: Rep. Barry Moore highlights need to address reference prices this Farm Bill cycle
Washington, D.C. - This week, Rep. Barry Moore (AL-02) discussed the economic challenges that agricultural producers are facing under the current presidential administration. He emphasized the need to address reference prices in this Farm Bill cycle to ensure agricultural producers have a safety net and can manage the risks associated with rising input prices and declining commodity prices.
From Moore's remarks on the House floor:
"Consumer prices are up 19.4 percent since Biden took office and inflation is up 3.5 percent in the last year.
Producers simply can't afford this administration's bad policies. My top priority this [farm bill] cycle has been addressing reference prices, which Mr. Scott just referred to. Safety net programs are the bedrock of risk management for producers and current reference prices are not sufficient to help producers manage risk against these razor-thin margins, thanks to bidenomics.
As input prices go up and commodity prices go down, producers rely on these reference prices and a farm safety net to stay in business. I have seen this in my own family, hearing about the challenges my cousin, who is a young farmer, has had just getting started. I heard similar concerns during the farm bill listening sessions that I had all across the district.
That's why we need these inclusions in the Farm Bill. They will deliver for producers in Alabama and across America. We need this legislation to fund the farm safety net, promote market development, increase feral swine control efforts, modernize data collection for our foresters, protect crop insurance, and expand rural broadband deployment."
Rep. Moore's full remarks can be seen here: High-res
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