No. 7 Farm Bill Programs ARC and PLC Evolved Throughout 2015
By Chris Clayton
DTN Ag Policy Editor
Lower prices for corn and soybeans meant farm-program payments would be more critical for farmers in 2015 just as they were wading through the intricacies of new farm programs.
With net farm income falling 38% from 2014, the first round of roughly $3.9 billion in payments from Agricultural Risk Coverage and Price Loss Coverage programs provided necessary cash flow in the fall to about 800,000 farm operations.
Farmers throughout most of Missouri saw historically high corn yields, so only a couple of counties triggered any kind of ARC payment. The same held true for most of Mississippi, Alabama and Tennessee, as well as southern...