The director of the Gardner Agricultural Policy Program at the University of Illinois says reference price updates could be an issue with the Senate majority’s farm bill framework proposal.
Jonathan Coppess tells Brownfield…
“Chairwoman Stabenow is proposing a 5% increase in the reference price for seed cotton, rice, and peanuts,” he says.
Coppess says the difficulty with raising reference prices stems from the long-term budget projections required by law.
