2018 Farm Bill released

2018 Farm Bill released

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LUBBOCK, Texas -

The 2018 Farm Bill is out and it's a big one.

Also known as The Agriculture and Nutrition Act, the proposal covers everything from loan programs, enhancing rural infrastructure to resource conservation. It also deals with commodities on the side.

Added to the list of covered commodities: other oil seeds and seed cotton. This codifies the fiber's inclusion under USDA crop insurance. 

Seed cotton's effective price for loss coverage is 36 cents a pound. Futures for No. 2 fiber were nearly double that at closing Thursday.

An entire section of the Farm Bill is dedicated to growing rural infrastructure and economic development. It focuses on increasing access to health care, expanding high speed internet to hard-to-reach communities, adds more incentives and grants to regional development, expands 911 access and eliminates unfunded programs. 

"I think altogether they provide for sustainable communities," Lubbock Congressman Jodey Arrington said. "And they provide for a safety net that will allow our farmers to really grow for the first time and pull out of what has been a historic downturn in the market for them."

Arrington serves on the House Agriculture Committee.

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