New farm bill could affect food prices - FOX13 News, WHBQ FOX 13

New farm bill could affect food prices

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    Friday, October 4 2013 3:43 PM EDT2013-10-04 19:43:45 GMT
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MEMPHIS, Tenn. (FOX13) -

The next time you stop by the grocery store, a new bill may have a serious effect on what you buy.         

The new farm bill was signed into law this year, Tennessee Representative Stephen Fincher spoke to local farmers at the Farm & Gin Show Saturday about the new changes to the bill and what it will mean for all of us. 

The new bill is changing the way farmers buy crop insurance, eliminating subsidies and giving them several new options to protect their crops in the event of a disaster, like a flood or a draught.         

Deciding on the best option for each farmer depends on what they grow and where they live, so there's a lot of information to take in, and it could affect how much we all pay for food.  

Rep. Fincher has been touring the region trying to educate farmers on the new farm bill. He says there are several different options to learn about and how they affect each crop and business so farmers need to start learning about their options now rather than later.         

Farmers we spoke to say they have concerns about what happens if there is a disaster that wipes out or damages crops and how it could cause food prices to skyrocket if there's not enough protection. 

"If we have a true disaster, I don't see there being a good enough safety net to help everybody," Farm Industry Retailer Chad Tritt said, "As prices trickle up, it all comes back to the everyday person shopping at your local store." 

"This program is all about a safety net, but again which program works best for you and what county and what area of the country you're in is going to be critical for farmers to get engaged here because one small decision may be make it or break it for you," Rep. Fincher said. 

Saturday's event was a part of Rep. Fincher's 'Heartland Farm Tour,' trying to spread the word about the new farm bill.         

If you didn't make it out Saturday, there will be another event in Alamo, TN, which is more than an hour northeast of Memphis.         

It will be held next Friday at the National Guard Armory at 10:30 a.m.

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