February 7, 2014  -  President Obama traveled to Michigan State University today to sign the Agricultural Act of 2014 ("The Farm Bill"). Following the Conference Report on January 27, the House voted 251/166 on January 29 and the Senate followed with a 68/32 vote on February 4. We note that the Act represents a shift from direct payments to producers to an enhanced "insurance system" with an expanded role for Risk Management Agency programs. Please see our post of January 28 for information on the new Recall Insurance study which is funded by this new legislation.