ASA supports the following provisions in the 2012 farm bill:

Commodities title

ASA continues to strongly support programs in the 2012 farm bill that provide the greatest possible planting flexibility. Allowing and encouraging producers to respond to market signals rather than government programs has been a cornerstone of the last three farm bills, and enabled U.S. soybean plantings to increase by 15 million acres (nearly 25 percent) between 1995 and 2010. 

ASA recognizes that budget constraints are likely to require restructuring farm programs in the 2012 farm fill. Agriculture should accept its fair share of any required spending reductions, provided they are proportionate with other federal programs and they do not require restructuring of the federal crop insurance program, which is the core safety net for producers of soybeans and other commodities.

ASA developed and supports risk management concepts for the 2012 farm bill as a means to partially offset revenue losses that exceed a specified threshold, while complementing crop insurance.

Payments under a revenue-based program should be commodity-specific, and based on the difference between historical and current-year revenue at the farm level.

While based on current-year production, this approach will have less of an impact on planting decisions and production than a fixed target price program, since any payments would be based on actual revenue losses rather than a decline in prices from fixed support levels. Production agriculture has inherent risks, and properly designed farm policy must not remove all risks.