An Overview of the Decisions and Changes Made in the 2014 Farm Bill
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Changes to farm program support in the
2014 Farm Bill was driven by budgetary
concerns and desire to place more
emphasis on risk management. As a result,
farmers and landowners in the US were
faced with a set of decisions. Landowners
were able to update payment yields and
reallocate the base acres. Farm operators
were given the choice of three different
farm programs, with either price-based
or revenue-based risk protection. These
decisions led to some fairly significant
changes in the way federal support will
be provided to farmers of program
crops. These decisions will impact all
current and future landowners, farmers,
farm managers, appraisers, and other
downstream parties such as lenders and
input suppliers.