In order to encourage young farmers in the industry, the Agricultural Act of 2014 will provide funding for programs and initiatives to train and mentor them.
Ag Week reports that the new farm bill – totaling $956 billion – is designed for various functions. $261 million of the bill will go directly to crop insurance over the next decade. Over $100 million will be used for training and mentoring of young farmers.
Also included in the farm bill is the Conservation Reserve Program Transition Incentive Program, which will allow farmers near retirement the opportunity to pass on their land from the Conservation Reserve Program to people new to the trade.
Starting out in the farming trade can be costly and a lot of hard work, so getting help from seasoned farmers and having affordable crop insurance in the face of unfavorable weather conditions like droughts and severe storms are necessities. Overall, the provisions of the bill will support beginning farmers and aid them in their future success.
Related story: New farm bill gives farmers new options for risk management
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