Farm Bill 2014 - Research Paper Example

dent Barrack Obama signed the bill into law after a successful procedure of amendment by the United States house representatives and United States senate (Wfan.org 2). The bill signed to law has an investment budget of over $489 billion which targets innovative programs to boost agriculture in the next five years (Wfan.org 2). The agriculture Act of 2014 is a powerful tool with important legislation will ensure that millions of American citizens have a huge historic gain. The bill aims at creating new jobs for Americans across the rural setups (Wfan.org 2). Moreover, agriculture markets according to the bill will be expanded primarily locally and internationally.

This will ensure the farm produce harvested are sold quickly in the best markets globally. It should be noted that this farm Bill 2014 already signed into law by president Obama of United States of America is one of the greatest move American government has taken which will save tax payers over $24 billion (Sustainableagriculture.net 4). This is due to the reforms the law supersedes that will make farming easier and ensure timely accessibility to market. To begin with, the law has stated clear directives concerning agriculture commodities.

Farming is one of the most unique profession businesses that face much risk for example; bad weather, natural calamities and poor marketing. The bill has clearly terminated direct payments, strengthened crop insurance and also encouraged innovative risk management approaches (Sustainableagriculture.net 4). This specifically will enable farmers to gain more assistance in farm production primarily when their farm is threatened by various risks emanating factors which are beyond control (Sustainableagriculture.net 4). In addition to this, the bill also ended direct farm payment to millionaire (Sustainableagriculture.net 4). To expand on this, it is clear that farmers with adjusted gross income (AGI) which hits $900000 and above are ineligible for payment from farm