The alternative program, Agricultural Risk Coverage, uses a five year rolling average of prices to provide a producer with a minimum of the national average price for a commodity. For the current year, that would likely guarantee a corn support level of $5.18 and soybean support level of $11.55 based on recent annual price averages.
The Farm Bill itself is 949 pages long and is available for reading.
The House and Senate conferees have assembled a 17-page summary of programs that remain in the Farm Bill with limited descriptions. It is also available for reading.
Source: FarmGate blog
- House-Senate negotiators announce final Farm Bill agreement
- NMPF, IDFA respond to Farm Bill dairy title
- Stephenson: Quick synopsis of dairy title
- Farm Bill dairy title summarized