USDA is expected to announce the Farmer Bridge Assistance payment rates before Christmas. A guessing game is now underway over the potential farm assistance rates. Paul Neiffer from the Farm CPA Report is out with his prediction. For soybeans, Neiffer estimates the payment will be $31.77 per acre. Corn is projected at $48.35 per acre and wheat is $37.38 per acre. The FBA rate is estimated at approximately $28 for barley, $33 for canola and $25 for sunflowers. If Neiffer’s speculation holds, Southern farmers will see significantly higher per-acre payouts with cotton projected at just under $100 per acre and rice at $108 per acre.
