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
- Scout for aphids in winter wheat
- El Niño development stalled out, but wet winter still predicted
- Ag markets posted divergent closes Wednesday
- Farm bill program to help farmers affected by severe weather
- Israel panel proposes 25-42% tax hike on mining companies
- Ag markets moved almost unanimously higher Wednesday morning
- How much corn can the ethanol industry use?
- Economist: Taxing P could reduce risk of algal blooms
- Commentary: Government wants farmers to quit farming
- Source shows half of GMO research is independent
- Ag markets made a generally mixed showing Thursday night
- What is the relationship between maturity group, yield?