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
- International Year of Soils set for 2015
- Extra care needed for wintertime fuel handling
- CLA issues statement on EPA’s neonicotinoid report
- Cattle futures bucked the bearish ag market trend Thursday
- Valent launches new low VOC plant growth regulator
- Thursday's export data had mixed crop market implications
- ValueAct buys stake in fertilizer dealer Agrium
- DuPont Crop Protection to sell certain assets to Bayer
- Critics of Dow herbicide sue U.S. EPA over approval
- Six tips to help professionals take leaps of faith
- Nitrogen fertilization rates for corn production
- Landmark Services Co-op, Curry Seeds sign agreement