The Food and Agriculture Risk Management for the 21st Century Act, introduced last week in the U.S. House of Representatives, would take the current system of farm subsidies — counter-cyclical, loan deficiency, income loss and direct payments — and transition them into a system of farmer-held risk-management accounts and revenue-insurance tools.

Supporters of the bill say it will modernize the farm safety net, institute fiscally responsible reforms, and reallocate the savings to programs that will help more farmers and more regions of  the country through resource conservation, better nutrition, and renewable energy development.

The bill was introduced by Representatives Ron Kind (D-Wis.); Jeff Flake (R-Ariz); Joe Crowley (D-N.Y.) and David Reicher (R-Wash.). To read a press release that details the farm bill proposal from Rep. Kind's office, please go to:http://www.house.gov/kind/press/070510-%20RMA.pdf

Press Release, Rep. Ron Kind.