USDA Releases Nearly $4 Billion in Farm Bill Payments

October 27, 2015 08:21 AM
 
USDA Releases Nearly $4 Billion in Farm Bill Payments

Farmers who enrolled in the new Farm Bill safety-net programs ARC and PLC soon will begin receiving payments for the 2014 crop year.

USDA said Monday that it would begin disbursing nearly $4 billion in payments to producers of corn, soybeans, wheat, barley, grain sorghum, oats, peanuts and other crops.

Not all farmers will receive payments, which depend on a variety of factors, including which program (ARC or PLC) was elected by the producer. For example, a grower in the Midwest who chose PLC for his corn crop will not be receiving a payment, but the national average payment for a farmer who elected ARC-County on corn is an estimated $46 per acre, according to farmDoc daily calculations.

Nationally, the vast majority of Midwest commodity crop growers opted for ARC-County, which appeared to be a better financial choice for most producers, according to experts.

“The programs aren’t designed to make farmers whole,” Farm Service Administrator Val Dolcini told AgWeb. “But they do form a good safety net for farmers to fall back on.”

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Comments

 
Spell Check

Gary Ordway
Continental, OH
10/28/2015 08:38 AM
 

  Farmers are the only people that buy at retail and sell at wholesale and then anti-farmer people wonder why we have a tough time showing a profit on the bottom line. My real estate taxes in Ohio have gone up 300% and crop prices have come down 30-40 %...Need I say more ???

 
 
Early
Buckingham, IL
10/28/2015 06:45 AM
 

  A couple years ago grain prices were up. In fact very high. Now they are average.

 
 
lloyd
lecompton, KS
3/22/2016 04:43 PM
 

  We are projected to get nothing at all. Does not seem fair if some farmers are getting assistance and the rest of us are going without. We did not get a penny more for our crops when we sold them than the other people. NOT RIGHT!

 
 

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