National farm policy should be rewritten this year to establish a program that protects farmers from catastrophic revenue losses by using a flexible combination of fiscally responsible tools, said voting delegates at the American Farm Bureau Federation’s 93rd Annual Meeting.

In approving the organization’s farm policy for 2012, the farmers and ranchers endorsed a multi-pronged policy proposal, including a provision for catastrophic revenue loss protection that works with a flexible range of crop insurance products, as well as amending the current farm bill’s marketing loan provisions to better reflect market values.

The adopted policy calls for a farm bill that “provides strong and effective safety net and risk management programs that do not guarantee a profit and minimizes the potential for farm programs affecting production decisions.”