The Agricultural Risk Coverage Program may be less attractive to corn and soybean farmers than in previous years under the new farm bill. That’s according to the University of Missouri’s Food and Agricultural Policy Research Institute director Pat Westhoff. “It’s not like it was in 2014, when we were confident the first few years we’d get big ARC payments,” explains Westhoff. “Essentially, the price guarantee from ARC was higher than the price guarantee from PLC, if you had average yields. That’s not true going forward.” Westhoff says there could be more Price Loss Coverage program participants under this new farm bill. Watch Westhoff’s full presentation during the Farm Bill Summit.
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