Further Discussion of the ARC-CO Program and Revenue-Based Farm Policy10/28/2016
The variability in payments from the ARC-CO program for the 2015 crop year has led to much discussion and, in some cases, criticism of the county-based revenue program. Much of the attention has focused on large variations in payment amounts for the same crops in different counties. This has been particularly notable when neighboring counties receive different payment amounts. The issue of ARC-CO payment variability was first discussed in the context of 2014 crop year payments in the farmdoc daily article from August 27, 2015. Today’s article, using 2015 ARC-CO payments for corn in Illinois as the example, looks closer at these issues in a further discussion of the ARC-CO program and revenue-based farm policy.