2014년 미국 신농업법의 농가소득지원 정책 분석

Abstract

The US farm bill is an extensive and omnibus piece of legislation that is reauthorized roughly every five years. The 2008 Farm Bill was scheduled to expire on September. 30, 2012. Despite the tremendous efforts to create a new farm bill legislation before the deadline, US congress could not make a new farm bill, but instead passed a one-year extension of 2008 Farm Bill that expires in September 2013. So, it has been many efforts in US congress to make a new farm bill replacing 2008 farm law. Eventually the Agricultural Act of 2014, also known as the 2014 US farm bill was enacted on Feburuary 7, 2014 with the signiture of US President. New farm bill will govern US farm policies for the years of 20142018. The core provision of US farm bill is in price and income support programs for major commodities. The new farm bill shows the US government’s willingness to make a strong farm income safty-net in many ways. In particular, the new farm bill newly introduce shallow loss policy to enhance the farm income safety. US farmers’ income is likely to be secured and stabilized through the strengthened income-safety net programs which is expanded in the new farm bill.