• This week, President Obama released USDA's fiscal year 2015 budget proposal, which supports our ongoing work to create jobs and opportunity in rural America.
• The budget builds on the new opportunities available to us through the recently-passed 2014 Farm Bill to achieve reform and results for the American taxpayer; foster opportunity for the men and women living, working and raising families in rural America; and support innovation through strategic, future-focused investments.
• My team at USDA has been hard at work identifying everything that will be required--regulations, guidance and other activities--to develop a plan to implement the new Farm Bill.
• Farmers, ranchers, foresters, researchers, and families and communities across America have waited a long time for the surety that this legislation brings, and we know that they deserve and expect an efficient, timely and responsible implementation process.
• Obviously, certain provisions of this legislation are more complex than others and require more careful examination before we make final decisions, but we are committed to minimizing disruptions to stakeholders as implementation moves forward.
• Earlier this week, I met with stakeholders here in Washington, DC to lay out our short term implementation goals. This is not an exhaustive list, but here are the highlights:
• • Create Supplemental Coverage Option (SCO) and Stacked Income Protection Plan (STAX) pilots for producers of upland cotton for crop year 2015.
• • Re-establish the Dairy Forward Pricing Program, a program for forward pricing contracts for milk handlers.
• • Establish criteria for Price Loss Coverage and Agriculture Risk Coverage, including base reallocation and yield updates.
• • Publish guidelines to update common program provisions, including payment limits, acreage reporting, signature authority and adjusted gross income.

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