A more responsive safety net for catastrophic animal disease events
A professor of applied economics would like to see a more responsive safety net when catastrophic animal disease events occur.
Marin Bozic with the University of Minnesota says that could be accomplished through Title XI in the next farm bill.
“The current programs have a tremendous lag compensating producers for, if they have to depopulate their swine barn for example. The government orders you to kill all the animals, and then they won’t pay you for another two years.”
He tells Brownfield producers need risk management programs that are flexible.
“So if you want agility in compensation for catastrophic widespread animal disease events, and if you’d like to execute that through Title XI, then sure you will need some legislative changes to ensure appropriate distribution of risk between private sector and the U.S. government.”
The current farm bill expires in 2023 and lawmakers are hosting listening sessions to gather feedback from farmers and ranchers.