A Look at Commodity Baseline Projections Re: Senate Farm Bill Draft

April 23, 2012

By: Jim Wiesemeyer, Pro Farmer Washington Consultant

via a special arrangement with Informa Economics, Inc.

Soybeans clear budget winner in Senate farm bill proposal

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The following budget baseline numbers, reportedly from the Senate Agriculture Committee, are how various program crops fare regarding the pending Senate draft farm bill. As is quite evident in the projections below, soybean producers show the most favorable budget scores – largely because of the move from base acres to planted acres in making proposed new farm program payments via the Ag Risk Coverage (ARC) program.

It is also evident that wheat, upland cotton, peanuts and especially rice growers are more negatively impacted by the new proposed farm policy.

Commodity Baseline

Crop