WSA: Farmers appreciate Congress recognizing farm economy needs aid
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The Wisconsin Soybean Association (WSA) joins the American Soybean Association (ASA) in extending appreciation to Congress for passing a continuing resolution that includes provisions important to soy farmers, among them a Farm Bill extension and both disaster and economic assistance. Inflation, historically high input prices, a 40 percent drop in soybean prices and devastating storms have led to an extended rough patch for many Wisconsin and U.S. farmers.
“While this bill doesn’t contain everything we sought – namely a new, five-year Farm Bill – we are grateful to lawmakers on both sides of the aisle for working together to bring critical relief to our family farms,” said Prairie Farm grower Tanner Johnson, who sits on ASA’s executive committee. “For many farmers, this economic and disaster aid will help weather the storm as we continue to make plans for the 2025 growing season.”
The bill, which passed through Congress and was signed by President Biden, will keep government funding in place through March 14, 2025, and extends the 2018 Farm Bill through Sept. 30, 2025. Additionally, the package includes approximately $21 billion in disaster assistance and $10 billion in economic assistance for farmers who have faced recent market challenges.
Wisconsin producers will gather to learn more about the state of the farm economy during 2025 Wisconsin Corn·Soy Expo. In the conference’s final panel, trade policy experts including Virginia Houston, ASA’s director of government affairs, will discuss the importance of preserving and growing trade partnerships across the globe.