Farm Bureau President Tom Vilsack announced Wednesday that he plans to propose to the Department of Agriculture a program that would allow farmers to get crop insurance subsidies through their own crops.
The program would cost farmers less than $300 a year, Vilsacker said in a statement.
The agency currently pays $1,000 a year for crop insurance for farmers, but would cut the price to $250, Vilesack said.
He added that he believes that farmers should be able to afford to pay that much out of pocket.
Vilsacks program would help farmers pay for their crop insurance by covering it through a commodity insurance policy that is similar to a farm loan.
The proposal comes as farmers continue to face growing pressure to pay higher insurance rates for crops they produce.
This fall, the Department was forced to cut its subsidy to farmers, from $4,200 per acre to $3,800 per acre.
The USDA is expected to issue a final rule this week that will allow for the program to expand to other types of farm operations.
The department has said it will work with the Trump administration to make sure that farmers have access to the subsidy, Vickersaid.
The agriculture commissioner’s announcement comes as Trump faces growing pressure from his fellow Republicans and his own party to increase farm subsidies.
Vicksaid said in his statement that he wants to “help farmers make smart decisions about how they use their farm to help their communities.”
Vilsacs decision comes as the USDA is in the midst of a three-week review of how to help farmers buy crop insurance from 2018 to 2022.
The review will focus on what subsidies can be used and how much the agency is expected, according to USDA spokeswoman Stephanie McCartin.
The Agriculture Department is currently reviewing a plan to allow farmers who produce more than 1 million acres of food to buy crop coverage through a program called SNAP.
That would help compensate farmers for the higher prices they pay when they sell their crops to grocery stores.
Last week, the Trump Administration announced that the Agriculture Department would continue to support SNAP recipients with the subsidy until 2021.
The president’s plan would eliminate the SNAP payments for farmers who use SNAP for a second or subsequent year.
That will allow the Trump’s budget office to focus on SNAP programs.
The new proposal would be more aggressive than previous proposals that have been put forward by the Trump administrations administration, McCartinsaid.
Vickersack’s proposal would also make it easier for farmers to receive crop insurance through their property tax.
Vinesack said he has a plan in place to provide more money for crop coverage for farmers.
Viersack also announced Wednesday he will propose to Congress that the USDA create a program to provide assistance to farmers who want to expand their farms and expand their operations.
Vivesack said the USDA’s current farm program has “been largely unsuccessful.”
He said that the agency has been “shunned by farmers” and has a “flimsy” program to support farmers who are growing and exporting more than they need.