Should cost of production be factored into the next farm bill?

Farm leaders are debating adjustments to crop insurance in the next Farm Bill.  

National Association of Wheat Growers CEO Chandler Goule says refence prices need to be higher. “The farm bill has got to protect against the increase of cost of production so yes I’m talking specifically about PLC and reference prices have got to come more in line with what our true cost of production truly is otherwise it’s not truly a safety net.”

American Soybean Association CEO Steve Censky says Congress has traditionally considered the cost of production.

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