Ag & Public Policy
Farm Program Payment Update and Information
USDA's Farm Service Agency began issuing Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) payments to producers for the 2016 crop earlier this month. There are several sources of information and educational material that readers can find to explore and understand these payments in more detail.
Farm Program Payments - October 2017
The USDA Farm Service Agency began issuing payments to producers in early October for Price Loss Coverage (PLC) and Agriculture Risk Coverage (ARC) programs for the 2016 crop year. These payments continue to be substantial, adding more than $600 million to cash flows for Nebraska producers this fall.
Mapping Farm Program Payments
Farm program payments from the county-level Agriculture Risk Coverage (ARC-CO) program provide support to producers when actual crop revenue (calculated at county average yields and national average prices) falls below a revenue guarantee tied to moving average yields and prices.
Farm Program Payment Estimates - August 2017
2018 Farm Bill Economic Principles and Policy Challenges
A brief paper prepared for the Nebraska Agriculture 2018 Farm Bill Listening Session at the State Fair on September 1 provides a perspective on some of the major policy issues facing agricultural producers, stakeholders, and policymakers as the next farm bill is deliberated and developed.
Farm Program Payment Estimates - July 2017
Current estimates of farm program payments for Nebraska producers show continued support from farm programs for the 2016 crop that will be paid in October 2017, but likely very little support moving forward for the 2017 and 2018 crops (to be paid in 2018 and 2019).
Marketing Loans and Loan Deficiency Payments
For the first time in more than 10 years, wheat producers may need to consider the acronym LDP as part of their marketing decisions. The marketing loan program provides underlying income support tied to a national average loan rate for program commodities. In the case of wheat, that loan rate is $2.94/bushel nationally, adjusted for class and county across the country.