Most Iowa farms need safety net

Published: Oct. 10, 2016 at 6:37 AM CDT
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Nearly all Iowa farms, about 154,000 enrolled in safety-net programs, are going to get financial assistance for the 2015 crop year.

The Iowa Farm Service Agency announced that the 2014 Farm Bill is helping while prices and revenues fall below normal.

Executive Director John Whitaker says the payments will reassure Iowa farm families hurt by low crop prices. He says as an example, counties in Iowa have seen a 32 percent drop in corn price below the benchmark price for the Agriculture Risk Coverage program and a 27 percent drop in soybeans.

Since 2009, the U.S. Department of Agriculture has provided $5.6 billion dollars in disaster relief for farmers and 36 billion in credit.