NEWS
Ag Policy Blog
Chris Clayton DTN Ag Policy Editor
Thu Mar 13, 2014 04:55 PM CDT

Correction: The FAPRI report showed $21 billion MORE in spending on the PLC program.

Lower projected farm prices for some key commodities over the next decade have the University of Missouri Farm and Agricultural Policy Research Institute forecasting nearly $21 billion more in spending on the farm bill's new target-price program than the Congressional Budget Office scored for the Price Loss Coverage Program.

The $21 billion higher cost estimate less than two months after the new farm bill passed now has conservative group Heritage Action crowing "We told you so."

FAPRI came out with its 10-year baseline projection for commodities, looking ...

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