FBA Payment Rates Expected Soon

The payment rates for each crop in the Farmer Bridge Assistance Program are expected to be released this upcoming week. The University of Illinois and Ohio State University conducted research on the potential impact of this relief package and are out with their predictions for payments. Soybeans are often cited as the crop hurt most by this past year’s trade disputes, but the estimated payment rate is only $25 per acre. This study estimates the payment rate for corn will be $46 per acre and $39 per acre for wheat. Barley has the lowest projected payment rate, at $21 per acre. Cotton and rice are on the other extreme with rates over $100 per acre.