FARM BUSINESS NEWS
Pick Contingency Plans - 1
Marcia Zarley Taylor DTN Executive Editor
Fri Aug 8, 2014 03:00 PM CDT

HADDONFIELD, N.J. (DTN) -- Cash corn prices have collapsed 30% in the last 90 days, but don't hit the panic button yet. This kind of abrupt market fallout is exactly what the 2014 Farm Act's safety net was designed to address. In fact, many land grant economists now forecast a potential for maximum corn payments under the 2014 county-based Agriculture Risk Coverage (ARC-CO) program -- with odds increasing that soybeans and even some hard-hit parts of the Wheat Belt also could receive 2014 farm program payments.

Farmers can't rule out the potential for $30- to $90-per-acre 2014 ARC corn payments ...

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