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BIDEN PROPOSES $500M IN EMERGENCY INCENTIVES TO INCREASE U.S. CROP PRODUCTION
May 2, 2022
Source: National Sorghum Producers news release
The Biden Administration will be asking Congress to significantly boost some commodity loan rates for two years, extend the loan term to 12 months for 2022, and provide a $10 per acre incentive paid through crop insurance premiums to a soybean crop planted after a winter wheat crop in 2023. USDA estimates the incentives would help U.S. farmers to make up for up to 50 percent of the wheat typically exported by Ukrainian farmers, while lowering costs for American consumers.
However, National Sorghum Producers and the National Association of Wheat Growers, amongst others, believe the proposal is too narrow. The proposal could, however, be a means of strengthening incentives for all producers and crops through a bipartisan, bicameral process.
While National Sorghum Producers was disappointed sorghum was not in included in the Administration's initial plan as there are significant double crop sorghum acres behind wheat in the Sorghum Belt (see map below), we recognize it is only a first step in formulating a strategic response to the global food crisis.
We look forward to working with the Biden Administration and Congressional leaders as they fine-tune their aid approach in a way that takes into account all staple food crops, including sorghum. With sorghum's unique ability to be grown with less inputs, including water, our nation's sorghum producers can play a key role in the Administration's goal to sustainably add stability to the world food supply.
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