Agricultural Risk Coverage – County program payments are being distributed. According to the American Farm Bureau Federation, ARC-CO will make as much as $1 billion in program payments to U.S. producers for the 2019-2020 marketing year with the majority of those payments for soybean base acres. Farm Bureau Chief Economist John Newton says 2019 was rough year. “It was a late planted crop. There was also high level of prevent plant and low yields in southwest Minnesota and the eastern Dakotas.” Total program payments are expected to be the highest in Illinois, followed by Minnesota at $140 million, South Dakota ARC-CO benefits at $100 million and North Dakota expected to receive $80 million.
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