On July 5, 2012, the U.S. House Committee on Agriculture released a discussion draft of the 2012 Farm Bill. The bill’s title is the Federal Agriculture Reform and Risk Management Act (FARRM). This article summarizes provisions in FARRM that concern the safety net for U.S. crops: The provisions are in Title I, Commodities and Title XI, Crop Insurance.
The article also compares FARRM with the 2012 Farm Bill recently passed by the U.S. Senate. An overview of the crop safety net in the Senate Farm Bill is provided in “First Draft of New Senate Farm Bill” by Carl Zulauf, available here, with updates on the bill as passed by the Senate Committee on Agriculture, Nutrition, and Forestry and the full Senate available here and here, respectively.
Note this article is divided into 3 self-contained sections. Each section has its own summary and therefore there is no closing summary. Also note that many provisions contained in the crop safety net provisions of the Farm Bills are not discussed in this article.