Learning Center

Agriculture is constantly evolving, which is why AgDirect® works to help you make the right decision for your operation when it comes to financing ag equipment.

Filter by Topic

2018 Farm Bill

$867 billion plan restores safety nets

Published on 2/26/2019

Despite trade disputes and steep declines in commodity prices, farmers and ranchers can continue to count on commodity, risk coverage and price loss protection thanks to the passing of the 2018 Farm Bill.

“The fact a $867 billion bill was passed with strong bipartisan support at a time of political division is a win for farmers and ranchers,” says James Nygren, legislative affairs officer with Farm Credit Services of America. “It sends a strong message to farm country that farm legislation is still a priority.”

New bill mirrors old

In general, the 2018 Farm Bill renewed many of the same federal farm and nutrition programs that were included in the Agricultural Act of 2014.

For instance, nutrition continues to account for a little over 75 percent of farm bill spending followed by outlays related to crop insurance, commodity programs such as Agriculture Risk Coverage, Price Loss Coverage and conservation programs.

“The preservation of nutrition spending is important because it brings our urban counterparts into the discussion and keeps them motivated and interested in the bill,” says Nygren.

“Four years ago, funding support for nutrition and farm programs were considered separately. This year they were kept together, a procedural distinction that sets the current farm bill apart from 2014,” he explains.

Other notable aspects of the 2018 Farm Bill include the legalization of hemp, improved margin protection coverage for dairy producers and procedural updates that will allow producers to change their crop protection elections on an annual basis rather than over the five-year life of the farm bill.

“Although the 2018 Farm Bill is budget-neutral in terms of government spending, and offers evolutionary improvements as opposed to revolutionary changes, it presents a level of certainty in an otherwise unpredictable agricultural economic environment,” says Nygren. “Ultimately, it provides farmers and ranchers with the risk management tools they need to persevere through this tough cycle.” 

For more ag news or to learn about the latest in farm equipment financing, visit agdirect.com.

Editor’s Note: AgDirect does not finance or lease equipment to operations involved in the production of hemp. This condition applies even if the applicant produces other crops in addition to hemp.

Learning Center

Agriculture is constantly evolving, which is why AgDirect® works to help you make the right decision for your operation when it comes to financing ag equipment.

  • Ben Moye

    “I teamed up with AgDirect because they understood my goals and fit my financing needs.”
    – Ben Moye , Grain Producer

    See more

    Watch video

  • Dustin Gibson

    “AgDirect offers some really excellent programs and flexibility.”
    – Dustin Gibson , Livestock Producer and Part-Owner of Capital Tractor

    See more

    Watch video

  • Mike Sulas

    “AgDirect offers competitive interest rates, good terms and a painless application process.”
    – Mike Sulas , Logger

    See more

    Watch video