News

Cost of the 2014 Farm Bill Commodity Programs


Payments by the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs for the 2014 crop year have totaled $5.2 billion so far. Intense criticism has accompanied them, in part because the Congressional Budget Office projected payments of $3.8 billion for the first year of ARC ($2.1 billion) and PLC ($1.7 billion). However, the criticism has not considered potential payments that the 2008 farm bill revenue program would have made for the 2014 crop year. In particular, the Average Crop Revenue Election (ACRE) program would have made larger per acre payments than ARC for the 2014 crops of corn, soybeans, and wheat. For 2015, per acre payments are essentially the same for soybeans and wheat while ARC payments are somewhat larger for corn.

Read the entire story here.

ProAg Quick Links

Agent Toolbox Grower Toolbox Careers

ProAg News

Iowa Farmland Values Continue their Decline

Iowa farmland values have fallen by 1% since September and by 2.7% since March 2018, according to the latest survey conducted by the Iowa Chapter of the Realtors Land Institute....

Spring Acreage in Focus

The March 29 Prospective Plantings report will provide the initial indication of potential acreage allotments for spring crops and sets the tone for production potential as we move into planting season....
Get ProAg updates via email
Your browser is out-of-date!

Update your browser to view this website correctly. Update my browser now

×