Farm Bill Forecasting

The Great ARC or PLC Debate

Season-average cash prices (and normal yields) would only trigger ARC payments in 2014-15 when corn hits $4.57, wheat $5.67 or soybeans $10.50, said Kansas State University economist Art Barnaby. Prices in outer years might be barely enough to trigger PLC payments if FAPRI's more dire price forecasts are accurate, but not for soybeans. (Chart by Art Barnaby, Kansas State University)
What if corn isn't cheap the next five years? Fickle price projections can sway farm bill choices.

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