Several ag economists told members of a House Ag Subcommittee the safety net in the next farm bill needs to address the rising cost of production.
During a hearing Thursday, Dr. Joe Outlaw, co-director with the Agricultural Food and Policy Center with Texas A&M University says farmers and ranchers are facing high input costs and inflation and current crop insurance isn’t enough. “Prices are going to decline, but input prices will stay up for awhile.