WASHINGTON, D.C. — Congressman David Kustoff (R-TN) joined Congressman Trent Kelly (R-MS) to introduce the bipartisan Farmer Assistance and Revenue Mitigation Act of 2024 (FARM Act) in the House of Representatives. This legislation will provide emergency assistance to farmers of eligible commodities for which the expected revenue in crop year 2024 is below the projected per-acre cost of production.
As Congress continues to debate an updated Farm Bill, this legislation will provide immediate relief by helping farmers pay down debt relative to the 2024 crop and help obtain financing for the 2025 crop year.
"Our farmers produce the food, fuel, and fiber used around the world," said Congressman Kustoff. "Recently, our farmers have been forced to grapple with many circumstances out of their control, such as natural disasters, high inflation, and drought. That is why I am pleased to join Congressman Kelly to introduce this vital legislation that will provide our farmers with the assistance they need to keep up production. Farmers are the backbone of our economy, and I am working to ensure they have the resources they need from Washington."
This legislation has been supported by the American Farm Bureau Federation, Tennessee Farm Bureau, Mississippi Farm Bureau, American Soybean Association, National Association of Wheat Growers, National Barley Growers Association, National Cotton Council, National Sorghum Producers, National Sunflower Association, U.S. Canola Association, U.S. Peanut Federation, USA Dry Pea & Lentil Council, USA Rice, and the Western Peanut Growers Association.
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This is a companion discussion topic for the original entry at https://kustoff.house.gov/media/press-releases/kustoff-helps-introduce-bipartisan-farmer-assistance-and-revenue-mitigation