The 2018 Farm Bill: Overview & Outlook
|
|
- Allan Marsh
- 5 years ago
- Views:
Transcription
1 The 2018 Farm Bill: Overview & Outlook Jonathan Coppess & Nick Paulson
2 2018 FARM BILL. CBO BASELINE $90,000 $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $0 Outlays, CBO April 2018 Baseline Commodities Conservation Crop Insurance Nutrition CBO projected spending, mandatory programs: 1. Farm Programs (Title I); 2. Conservation (Title II) 3. Nutrition and SNAP (Title IV) 4. Crop Insurance (Title XI). Source: Congressional Budget Office
3 REVIEW: AGRICULTURAL ACT OF 2014 $8,000 Difference In Spending (2014 Baseline Estimate-Revised 2018) $6,000 $4,000 Millions in Outlays $2,000 $0 -$2,000 -$4,000 -$6,000 -$8,000 -$10,000 -$12,000 Year 1 Year 2 Year 3 Year 4 Year 5 Commodity Conservation Nutrition Crop Insurance Source: Congressional Budget Office
4 BACKGROUND: SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM $80, Historic & Estimated SNAP Spending & Participation (USDA and CBO) 60,000 Largest program by spending and people. Millions of Dollars $70, $60, $50, $40, $30, $20, $10, ,000 40,000 30,000 20,000 10,000 Thousands of People Low-income assistance; countercyclical. House partisan dispute; dropped in conference; no changes. $ p 2021p 2023p 2025p 2027p 0 Participation Spending
5 Conservation Program: Spending & 2018 Baseline $7,000 Conservation Program Outlays, Revised (CBO) $6,000 Millions in Outlays $5,000 $4,000 $3,000 $2,000 $1,000 $0 2014A 2015A 2016A CRP CSP EQIP ACEP RCPP
6 REVIEW: CONSERVATION PROGRAMS Millions $3,000 $2,500 $2,000 $1,500 $1,000 Total Conservation Spending by Program, ; top 20 states (USDA) CRP is dominant source of conservation funds; IL benefits more from CSP ($212m) than EQIP ($151m). $500 $0 EQIP CSP Easement CRP RCPP IL receives on average 9.8% of EQIP funds and 13.7% of CSP funds nationally.
7 2018 FARM BILL: CONSERVATION Expanded CRP: 27m acres; 30-year contracts; limits on rental payments. Blended CSP and EQIP with fixed funding levels; increased EQIP. Acreage-based CSP eliminated, existing contracts continue; potential for 1-year extension for 2019.
8 2018 FARM BILL: CROP INSURANCE Millions in Outlays $9,000 $8,000 $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0 Crop Insurance Baseline (CBO) 2019p 2020p 2021p 2022p 2023p 2024p 2025p 2026p 2027p 2028p Prem. Sub. Delivery Exp. Underwriting Crop Insurance is largely unchanged; New provisions for cover crops: defines termination (NRCS or local expert); Cover crops considered a good farming practice; termination should not impact insurability.
9 REVIEW: AGRICULTURAL ACT OF 2014; TITLE I SPENDING $9,000 Title I Total Payments (CBO, through April 2018) $8,000 $7,000 Millions in Outlays $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0 2014A 2015A 2016A Corn Soybeans Wheat Upland Cotton* Rice Peanuts Other Commodities Dairy
10 ARC-CO CORN EXAMPLE Input State Illinois County Champaign Crop Corn Type All PLC Payment Yield 130 ARC-CO PLC Payment Estimator Use Defaults Help Print What-If Change the county yields and Market Year Average (MYA) prices for 2018 to see payments under ARC-County and PLC. Payments are stated per base acre, as such they are multiplied by.85. If there are 100 base acres per farm, multiple the result below by 100. Input Agricultural Risk Coverage (ARC) - County Price Loss Coverage (PLC) County MYA Benchmark ARC ARC Year Yield Price 1 Yield 2 Price 3 Guarantee 4 Payment 5 Payment $/acre $/acre National loan rate equals: 1.95 Five-Year Average Reference price equals: 3.70
11 ARC-CO SOYBEAN EXAMPLE Input State Illinois County Champaign Crop Soybeans Type All PLC Payment Yield 42 ARC-CO PLC Payment Estimator Use Defaults Help Print What-If Change the county yields and Market Year Average (MYA) prices for 2018 to see payments under ARC-County and PLC. Payments are stated per base acre, as such they are multiplied by.85. If there are 100 base acres per farm, multiple the result below by 100. Input County MYA Benchmark ARC ARC Year Yield Price 1 Yield 2 Price 3 Guarantee 4 Payment 5 Payment $/acre $/acre National loan rate equals: 5.00 Agricultural Risk Coverage (ARC) - County Five-Year Average Reference price equals: 8.40 Price Loss Coverage (PLC)
12 ADDITIONAL CHALLENGES FOR COMMODITIES Trump Administration & tariff conflict; Especially with China and for soybeans; Market Facilitation Program (MFP) payments.
13 UPDATED SITUATION FOR TITLE I Continued lower prices = increased spending in ARC/PLC Addition of Seed Cotton + MFP + Cotton Ginning MFP: 2 Rounds ($0.01-corn; $1.65-soybeans); 2 nd just announced ($4.8b)
14 AGRICULTURAL IMPROVEMENT ACT OF 2018 Election for 2019 & 2020 crops between ARC and PLC; Revisit election for 2021 through 2023 crops; % (175 avg.) update ARC-CO: administrative county; to use 80% t-yield plug and crop insurance trend adjusted yields; (192.5 avg.) 155.9; no update PLC: Optional yield update.
15 AGRICULTURAL IMPROVEMENT ACT OF 2018 PLC: reference price escalator; Effective reference = 85% of 5-year Olympic moving average; up to 115% of statutory reference. MAL/LDP: increased loan rates.
16 2018 FARM BILL: FARM PROGRAMS CORN $/bu $4.95 $4.45 $3.95 $3.45 $2.95 $2.45 $1.95 Corn Price Example Ref. Price MYA 85% 5YOMA USDA Chief Economist forecast; MYA expected above Reference Price ($3.70) thru 2026; Effective reference price escalator (85% of 5 year Olympic moving average) not effective. Sources: USDA NASS (actual) and OCE (projections)
17 2018 FARM BILL: FARM PROGRAMS SOYBEANS $/bu $11.00 $10.00 $9.00 $8.00 $7.00 $6.00 $5.00 Soybeans Price Example Ref. Price MYA 85% 5YOMA USDA Chief Economist forecast; MYA expected above Reference Price ($8.40) all years; Effective reference price escalator (85% of 5 year Olympic moving average) not effective. Sources: USDA NASS (actual) and OCE (projections)
18 2018 FARM BILL: FARM PROGRAMS WHEAT $/bu $6.44 $5.94 $5.44 $4.94 $4.44 Wheat Price Example USDA Chief Economist forecast; MYA expected to remain below Reference Price ($5.50); $3.94 $3.44 $2.94 Ref. Price MYA 85% 5YOMA Effective reference price escalator+ (85% of 5 year Olympic moving average) not effective. Sources: USDA NASS (actual) and OCE (projections)
19 Gardner Agriculture Policy Program and National Center for Supercomputing Applications FARM BILL: ARC/PLC SIMULATION FARMDOC TOOL
20 THANK YOU Jonathan Coppess Nick Paulson
PROGRAM DECISION STEPS FARM BILL TOOLBOX. Gary Schnitkey, Jonathan Coppess, Nick Paulson University of Illinois
PROGRAM DECISION STEPS FARM BILL TOOLBOX Gary Schnitkey, Jonathan Coppess, Nick Paulson University of Illinois Development & Outreach Coalition University of Illinois Watts & Associates The Ohio State
More informationFARM PROGRAM DECISION TOOL
FARM PROGRAM DECISION TOOL Gary Schnitkey, Jonathan Coppess, Nick Paulson University of Illinois http://farmbilltoolbox.farmdoc.illinois.edu/ DEVELOPMENT & OUTREACH COALITION University of Illinois Watts
More information2018 Farm Bill Comparison Cotton and Other Selected Provisions* Prepared by the National Cotton Council
Prepared by the National Cotton Council ARC/PLC Title I Commodity Programs Seed Cotton established as a covered commodity with $0.367/lb reference price Reference prices set by statute Announcement and
More informationCommodity Programs in 2014 Farm Bill. Key Provisions
Commodity Programs in 2014 Farm Bill Gary Schnitkey, Jonathan Coppess, Nick Paulson, and Carl Zulauf University of Illinois The Ohio State University (February 13, 2014) 1 Key Provisions Eliminates direct,
More informationARC vs. PLC Enrollment Decisions
ARC vs. PLC Enrollment Decisions April 2014 Steven D. Johnson Farm & Ag Business Management Specialist (515) 957-5790 sdjohns@iastate.edu www.extension.iastate.edu/polk/farm-management FSA Commodity Crop
More informationThe 2018 Farm Bill. Dr. Alejandro Plastina Assistant Professor, Economics
The 2018 Farm Bill Dr. Alejandro Plastina Assistant Professor, Economics Cornerstone Insurance Services & ISUEO February 6-7, 2019 - Everly & Estherville, IA Overview Context What s new? What has not changed?
More informationPat Westhoff FAPRI-MU, University of Missouri
Agricultural Lender meetings Dexter and Sikeston, MO December 1, 214 Pat Westhoff (westhoffp@missouri.edu) FAPRI-MU, University of Missouri www.fapri.missouri.edu Eliminates many existing farm programs
More information2018 Farm Bill Economic Principles and Policy Challenges
2018 Farm Bill Economic Principles and Policy Challenges Bradley D. Lubben Ph.D. Extension Associate Professor, Policy Specialist, Faculty Fellow, Rural Futures Institute, and Director, North Central Extension
More informationFarm Bill Details and Decisions
Farm Bill Details and Decisions Bradley D. Lubben, Ph.D. Extension Assistant Professor, Policy Specialist, and Director, North Central Risk Management Education Center Department of Agricultural Economics
More information2018 Farm Bill Outlook
2018 Farm Bill Outlook Bradley D. Lubben, Ph.D. Extension Associate Professor, Policy Specialist, and Director, North Central Extension Risk Management Education Center Department of Agricultural Economics
More information11/14/2011. Bradley D. Lubben, Ph.D. Special thanks to: Federal Budget. Economy Farm & General Economy. Politics. Super Committee (more politics)
John Deering Agriculture and Specialist Colorado State University Extension Special thanks to: Bradley D. Lubben, Ph.D. Extension Assistant Professor, Policy Specialist t& Director, North Central Risk
More informationNGFA Country Elevator Conference St. Louis, Missouri Dec. 9, 2013
Pat Westhoff (westhoffp@missouri.edu) Director, Food and Agricultural Policy Research Institute Professor, Agricultural and Applied Economics University of Missouri www.fapri.missouri.edu NGFA Country
More informationArchie Flanders University of Arkansas Northeast Research and Extension Center Keiser, AR. The Farm Bill Decision Making Process
Archie Flanders University of Arkansas Northeast Research and Extension Center Keiser, AR The Farm Bill Decision Making Process Presentation at the 2014 Arkansas Rice Expo Grand Prairie Center August 1,
More informationSeed Cotton Informational Meeting. Price Loss Coverage Program (PLC)
Seed Cotton Informational Meeting Price Loss Coverage Program (PLC) PLC Overview PLC is an Income Support Program PLC payments are not dependent upon planting of the crop PLC is the default program election
More informationAgricultural Act of 2014
Farm Bill Cash Flow 2017 Outlook Conference for Agricultural Lenders Grand Forks Oct. 16 Fargo Oct. 31 Andrew Swenson Extension Farm Management Specialist Department of Agribusiness and Applied Economics
More informationFarm Bill Details and Decisions
Farm Bill Details and Decisions Bradley D. Lubben, Ph.D. Extension Assistant Professor, Policy Specialist, and Director, North Central Extension Risk Management Education Center Department of Agricultural
More information2014 Farm Bill How does it affect you and your operation? Section II: PLC, SCO, ARC-C, and ARC-I
1 2014 Farm Bill How does it affect you and your operation? Section II: PLC, SCO, ARC-C, and ARC-I 2014 Farm Bill: PLC, SCO, ARC-C, and ARC-I Dr. Aaron Smith Assistant Professor: Row Crop Marketing Specialist
More informationFarm Bill Details and Decisions for 2014
Farm Bill Details and Decisions for 2014 Bradley D. Lubben, Ph.D. Extension Assistant Professor, Policy Specialist, and Director, North Central Risk Management Education Center Department of Agricultural
More informationFarm Bill and Texas A&M Computer Training. Nebraska Innovation Campus Conference Center January 14, 2015
Farm Bill and Texas A&M Computer Training Nebraska Innovation Campus Conference Center January 14, 2015 Farm Bill Details and Decisions Bradley D. Lubben, Ph.D. Extension Assistant Professor, Policy Specialist,
More informationFarm Bill Details and Decisions
Farm Bill Details and Decisions Bradley D. Lubben, Ph.D. Extension Assistant Professor, Policy Specialist, and Director, North Central Extension Risk Management Education Center Department of Agricultural
More information2014 Farm Bill How does it affect you and your operation? Section 1: Overview, Base Reallocation, and Yield Updates
2014 Farm Bill How does it affect you and your operation? Section 1: Overview, Base Reallocation, and Yield Updates 1 Dr. Jason Fewell Assistant Professor Department of Agricultural & Resource Economics
More informationFarm Safety Net. Dr. Alejandro Plastina Assistant Professor, Economics
Farm Safety Net Dr. Alejandro Plastina Assistant Professor, Economics Invited Presentation to the Professional Agriculture Workers Conference Organized by Tuskegee University Opelika, Alabama December
More informationFarm Policy: 2012 and Beyond
Farm Policy: 2012 and Beyond Carl Zulauf (Zulauf.1@osu.edu) Ag. Economist, Ohio State University December 3, 2012 Dean s Outlook Meeting Columbus, OH Outline Current Status of Farm Bill Process Shallow
More informationMaryland Crop Insurance Workshop
Maryland Crop Insurance Workshop Linda Slacum Maryland Farm Service Agency September 9, 2014 Farm Service Agency Agricultural Act of 2014 (2014 Farm Bill) Specific procedures for program implementation
More informationFARM PROGRAM DECISION TOOL
FARM PROGRAM DECISION TOOL Gary Schnitkey, Jonathan Coppess, Nick Paulson University of Illinois http://farmbilltoolbox.farmdoc.illinois.edu/ DEVELOPMENT & OUTREACH COALITION University of Illinois Watts
More informationThe 2014 U.S. Farm Bill: DDA Implications of Increased Countercyclical Support and Reliance on Insurance
IFPRI The 2014 U.S. Farm Bill: DDA Implications of Increased Countercyclical Support and Reliance on Insurance David Orden Presented at the EC DG Trade Workshop US farm policy and its implications on the
More informationThe Agriculture Risk Coverage (ARC) Program of the 2014 Farm Bill
Staff Report No. 2014-11 July 2014 The Agriculture Risk Coverage () Program of the 2014 Farm Bill Michael A. Deliberto and Michael E. Salassi Department of Agricultural Economics and Agribusiness Louisiana
More informationCurrent Crop Insurance and Federal Policy Situation
Current Crop Insurance and Federal Policy Situation Mil. acres Participation Growth 1981-2012 326 mil Premium support, then 2000 Act 1 1 % Source: USDA/RMA Summary of Business Percent of Total Premium
More information2014 Farm Bill Update. International Crop Expo February 19, 2015
2014 Farm Bill Update International Crop Expo February 19, 2015 Decisions Operators and Owners Need to Make Yield Update Base Reallocation Choice of Safety Net Yield Update Everyone should attempt to update
More informationFarm Bill Meeting Stoddard County
Farm Bill Meeting Stoddard County David Reinbott Agriculture Business Specialist P.O. Box 187 Benton, MO 63736 (573) 545-3516 http://extension.missouri.edu/scott/agriculture.aspx reinbottd@missouri.edu
More informationGardner Farm Income and Policy Simulator. University of Illinois at Urbana-Champaign Gardner Agricultural Policy Program
Gardner Farm Income and Policy Simulator University of Illinois at Urbana-Champaign Gardner Agricultural Policy Program Documentation Report on Model and Case Farms February 2018 Krista Swanson, Patrick
More informationFarm Bill 2014 Agricultural Act of What You Need To Know Doug Yoder, IFB
Farm Bill 2014 Agricultural Act of 2014 What You Need To Know Doug Yoder, IFB 309-557-2993 yoder@ilfb.org FARM BILL OVERVIEW Signed into law February 7, 2014 5 year bill Covers crop years 2014 2018 $956
More information2014 FARM BILL COMMODITY PROGRAMS AND DECISION TOOLS
2014 FARM BILL COMMODITY PROGRAMS AND DECISION TOOLS Dr. Jody Campiche Dr. Eric DeVuyst OSU Extension Commodity Programs FSA Option to Reallocate Base Owners Option to Update Yields Owners Crop Insurance
More informationWorking Party on Agricultural Policies and Markets
Unclassified TAD/CA/APM/WP(2017)1/FINAL TAD/CA/APM/WP(2017)1/FINAL Unclassified Organisation de Coopération et de Développement Économiques Organisation for Economic Co-operation and Development 24-May-2017
More informationSteven D. Johnson. What s Different in Crop Insurance?
February 2015 Steven D. Johnson Farm & Ag Business Management Specialist (515) 957-5790 sdjohns@iastate.edu www.extension.iastate.edu/polk/farm-management What s Different in Crop Insurance? Lower Projected
More informationThe Potential Budgetary Costs and WTO Implications of the New Farm Bill. Joseph Glauber and Pat Westhoff
The Potential Budgetary Costs and WTO Implications of the New Farm Bill Joseph Glauber and Pat Westhoff Selected Paper prepared for presentation at the International Agricultural Trade Research Consortium
More informationEconomic Conditions & the Title 1 Programs
Economic Conditions & the Title 1 Programs By Mykel Taylor Kansas State University mtaylor@ksu.edu and AgManager.info 785-532-3033 Current Economic Conditions Returns to Farming Source: KFMA Enterprise
More informationAGEC 429: AGRICULTURAL POLICY LECTURE 19: ANALYSIS OF THE 2014 FARM BILL I
AGEC 429: AGRICULTURAL POLICY LECTURE 19: ANALYSIS OF THE 2014 FARM BILL I Background AGEC 429 Lecture #19 ANALYSIS OF THE 2014 FARM BILL I The Agricultural Act of 2014 Right after the 2008 Farm Bill passed,
More informationNAAFP Farm Bill Decision Aid Insurance Tool
NAAFP Farm Bill Decision Aid Insurance Tool James W. Richardson Regents Professor and Co-Director of AFPC National Association for Agriculture and Food Policy (NAAFP) November 16, 2014 Decision Aid s Insurance
More informationPresentation Outline
The Current and Future Farm Policy Outlook for Corn and Soybeans Joe L. Outlaw Professor & Extension Economist Co-Director, AFPC Minnesota Crop Insurance Conference Mankato, MN September 12, 2013 Presentation
More informationArkansas Bankers Association 2018 Agri-Conference Little Rock, AR
Arkansas Bankers Association 2018 Agri-Conference Little Rock, AR SESSION I: Triple Challenge facing Arkansas Ag Bankers: Farm Bill Battles & Likely Outcomes Ag Trade Disputes & Likely Outcomes Compliance
More informationMonday, June 19, 2017 Ag Law Rooms: Business Formation to Take the Greatest Advantage of FSA Rulles 12:45 p.m. 1:45 p.m.
Monday, June 19, 2017 Ag Law Rooms: 312-313 Business Formation to Take the Greatest Advantage of FSA Rulles 12:45 p.m. 1:45 p.m. Presented by Bill Bridgforth Ramsay, Bridgforth, Robinson and Raley LLP
More informationFarm Bill Meeting Scott County
Farm Bill Meeting Scott County David Reinbott Agriculture Business Specialist P.O. Box 187 Benton, MO 63736 (573) 545-3516 http://extension.missouri.edu/scott/agriculture.aspx reinbottd@missouri.edu 1.
More informationEstimated ARC and PLC Payments for 2016 Covered Commodities
AGECON-17-01 July 2017 Estimated ARC and PLC Payments for 2016 Covered Commodities Don Shurley and Adam N. Rabinowitz Department of Agricultural and Applied Economics University of Georgia The 2014 farm
More informationLooking Out for the 2012 Farm Bill
Looking Out for the 2012 Farm Bill, Ph.D. Extension Assistant Professor, Policy Specialist, and Director, North Central Risk Management Education Center Department of Agricultural Economics UNL Farm Bill
More informationFARM PROGRAM DECISION GUIDE
FARM PROGRAM DECISION GUIDE OVERVIEW Understanding the choices and decisions of the Agricultural Act of 2014 can be simplified if you follow the seven steps in the Farm Bill Toolbox at http://farmbilltoolbox.farmdoc.illinois.edu/
More informationThe 2014 Farm Bill. Program Selection Mitchell County. Neil Cates Livestock Extension Agent Post Rock Extension District #1
The 2014 Farm Bill Program Selection Mitchell County Neil Cates Livestock Extension Agent Post Rock Extension District #1 1 Disclaimer This information is based on my understanding of the 2014 Farm Bill
More information2002 FSRIA. Farm Security & Rural Investment Act. (2002 Farm Bill) How much money is spent with the United States Department of Agriculture (USDA)?
2002 FSRIA Farm Security & Rural Investment Act (2002 Farm Bill) Some general background: How much money is spent with the United States Department of Agriculture (USDA)? How much money is spent on farm
More information2014 Farm Bill Overview
2014 Farm Bill Overview Presented as part of a panel discussion at the City Bank Wealth of Knowledge Seminar Series, March 31, 2014 Key Elements Dairy Program Dairy Product Support and MILC programs replaced
More informationRISK MANAGEMENT AND THE NEW 2014 FARM BILL
RISK MANAGEMENT AND THE NEW 2014 FARM BILL Paul D. Mitchell Associate Professor, Ag and Applied Economics March 11, 2014 Email pdmitchell@wisc.edu Office: 608-265-6514 http://www.aae.wisc.edu/pdmitchell/extension.htm
More informationThe 2014 Farm Bill. Program Selection. JEWELL County. Sandra L. Wick K-State Research and Extension Post Rock District Crop Production Agent
The 2014 Farm Bill Program Selection JEWELL County Sandra L. Wick K-State Research and Extension Post Rock District Crop Production Agent 1 Disclaimer This information is based on my understanding of the
More informationAgricultural Risk Coverage (ARC) vs. Price Loss Coverage (PLC)
Agricultural Risk Coverage (ARC) vs. Price Loss Coverage (PLC) Background The 2014 Farm Bill provides several alternative farm programs for mitigating farm production and price risks. The purpose of the
More informationAgricultural Risk Coverage (ARC) vs. Price Loss Coverage (PLC)
Agricultural Risk Coverage (ARC) vs. Price Loss Coverage (PLC) Background The 2014 Farm Bill provides several alternative farm programs for mitigating farm production and price risks. The purpose of the
More informationFarm Bill Principles and Commodity Program Proposals: A View from the House
Farm Bill Principles and Commodity Program Proposals: A View from the House A Presentation by Craig Jagger Chief Economist, Majority Staff House Committee on Agriculture Concurrent Session: Farm Policy
More informationAgricultural Risk Coverage (ARC) vs. Price Loss Coverage (PLC)
Agricultural Risk Coverage (ARC) vs. Price Loss Coverage (PLC) Background The 2014 Farm Bill provides several alternative farm programs for mitigating farm production and price risks. The purpose of the
More informationAgricultural Risk Coverage (ARC) vs. Price Loss Coverage (PLC)
Agricultural Risk Coverage (ARC) vs. Price Loss Coverage (PLC) Background The 2014 Farm Bill provides several alternative farm programs for mitigating farm production and price risks. The purpose of the
More informationAgricultural Risk Coverage (ARC) vs. Price Loss Coverage (PLC)
Agricultural Risk Coverage (ARC) vs. Price Loss Coverage (PLC) Background The 2014 Farm Bill provides several alternative farm programs for mitigating farm production and price risks. The purpose of the
More information2014 Actual Average County Yield. times. higher of: Month Market Year Average Price or National Loan Rate 86% times
Cotton Transition, Price Loss Coverage, County Agricultural Risk Coverage, and Individual Agricultural Risk Coverage Diagram for the 2014 Crop Year May 15, 2014 Step 1: Producers on a farm must make a
More informationFarm Bill Overview.
Farm Bill Overview www.cropcoverage.com Williamson Insurance Agency and it s agents are not authorized to advise which FSA program a producer should enroll. The purpose of this overview is to provide additional
More information2014 Farm Bill. Jay Yates Extension Program Specialist III Risk Management
2014 Farm Bill Jay Yates Extension Program Specialist III Risk Management Presentation Disclaimer This Information is Based on Our Reading of the Bill and Discussions with Ag Committee Staff As in the
More informationFarm Program Payments Revisited: Farmers May Choose Between County of Administration or Geographic County Location. Example 1:
Farm Program Payments Revisited: Farmers May Choose Between County of Administration or Geographic County Location. By: Chris Bruynis, OSU Extension Educator, Ross County Farmers with the administration
More informationAnalysis of House and Senate Farm Bills: Implications for Arkansas Producers
Analysis of House and Senate Farm Bills: Implications for Arkansas Producers Eric Wailes, Eddie Chavez and K. Bradley Watkins University of Arkansas August 2, 2013 Arkansas Rice Expo Projected Changes
More informationFARM BILL UPDATE WHAT CAN WISCONSIN EXPECT?
FARM BILL UPDATE WHAT CAN WISCONSIN EXPECT? Paul D. Mitchell Agricultural and Applied Economics University of Wisconsin, Madison, WI, USA Farm Management Update for Ag Professionals Kimberly, WI September
More informationPLC OR ARC? FARM BILL PROGRAM SIGN-UP AND DECISION AIDS
PLC OR ARC? FARM BILL PROGRAM SIGN-UP AND DECISION AIDS Katie Pfeiffer Sauk County UW Extension Agriculture Agent 608-355-3257 Katie.pfeiffer@ces.uwex.edu Multi-Step Process with Different Deadlines Step
More informationFarm Bill Meeting Bollinger County
Farm Bill Meeting Bollinger County David Reinbott Agriculture Business Specialist P.O. Box 187 Benton, MO 63736 (573) 545-3516 http://extension.missouri.edu/scott/agriculture.aspx reinbottd@missouri.edu
More informationFarm Bill Meeting Cape County
Farm Bill Meeting Cape County David Reinbott Agriculture Business Specialist P.O. Box 187 Benton, MO 63736 (573) 545-3516 http://extension.missouri.edu/scott/agriculture.aspx reinbottd@missouri.edu 1.
More informationEXAMPLE OF PLC, PLC WITH SCO, AND ARC-CO
EXAMPLE OF PLC, PLC WITH SCO, AND ARC-CO Prof. Howard Leathers University of Maryland Maryland Agricultural Extension 1 Our website: http://www.arec.umd.edu/extension/crop-insurance Wheat in Northumberland
More informationNotice of Funds Availability (NOFA); Market Facilitation Program (MFP) AGENCY: Commodity Credit Corporation and Farm Service Agency, USDA.
This document is scheduled to be published in the Federal Register on 08/30/2018 and available online at https://federalregister.gov/d/2018-18819, and on govinfo.gov Billing Code 3410-05-P DEPARTMENT OF
More informationNational Affairs Committee Adopted at the ACSA 94 th Annual Convention May 11, 2018 Four Seasons Hotel, Austin, TX
National Affairs Committee Adopted at the ACSA 94 th Annual Convention May 11, 2018 Four Seasons Hotel, Austin, TX 1. DRAFT FARM BILL: Title I Commodities Agriculture and Nutrition Act of 2018 (H.R. 2)
More informationFarm Safety Net Provisions in a 2013 Farm Bill: S. 954 and H.R. 2642
Farm Safety Net Provisions in a 2013 Farm Bill: S. 954 and H.R. 2642 Dennis A. Shields Specialist in Agricultural Policy Randy Schnepf Specialist in Agricultural Policy July 24, 2013 Congressional Research
More informationThe US Agricultural Act of 2014
IFPRI Discussion Paper 01393 December 2014 The US Agricultural Act of 2014 Overview and Analysis Carl Zulauf David Orden Markets, Trade and Institutions Division INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE
More informationRisk Management Agency
Risk Management Agency Larry McMaster, Senior Risk Management Specialist Jackson Regional Office Jackson, MS February 3, 2015 USDA is an Equal Opportunity Provider and Employer This presentation highlights
More informationRevenue and Costs for Illinois Grain Crops, Actual for 2012 through 2017, Projected 2018 and 2019
CROP COSTS Department of Agricultural and Consumer Economics University of Illinois Revenue and Costs for Illinois Grain Crops, Actual for 2012 through 2017, Projected 2018 and 2019 Department of Agricultural
More informationRevenue and Costs for Corn, Soybeans, Wheat, and Double-Crop Soybeans, Actual for 2011 through 2016, Projected 2017 and 2018
CROP COSTS Department of Agricultural and Consumer Economics University of Illinois Revenue and Costs for Corn, Soybeans, Wheat, and Double-Crop Soybeans, Actual for 2011 through 2016, Projected 2017 and
More informationA VEIW FROM THE SOUTH
THE NEW FARM BILL OUTSIDE THE BELTWAY: A VEIW FROM THE SOUTH March 3, 2009 Wes Harris Special Projects Coordinator Public Policy Center for Agribusiness and Economic Development The University of Georgia
More information2014 Farm Bill Provisions and WTO Compliance
2014 Farm Bill Provisions and WTO Compliance Randy Schnepf Specialist in Agricultural Policy December 8, 2014 Congressional Research Service 7-5700 www.crs.gov R43817 Summary The enacted 2014 farm bill
More informationCROP BUDGETS, ILLINOIS, 2017
CROP BUDGETS Department of Agricultural and Consumer Economics University of Illinois CROP BUDGETS, ILLINOIS, 2017 Department of Agricultural and Consumer Economics University of Illinois July 2017 Introduction
More informationCROP BUDGETS, ILLINOIS, 2019
CROP BUDGETS Department of Agricultural and Consumer Economics University of Illinois CROP BUDGETS, ILLINOIS, 2019 Department of Agricultural and Consumer Economics University of Illinois September 2018
More informationCROP BUDGETS, ILLINOIS, 2018
CROP BUDGETS Department of Agricultural and Consumer Economics University of Illinois CROP BUDGETS, ILLINOIS, 2018 Department of Agricultural and Consumer Economics University of Illinois February 2018
More informationTo: NAWG Officers, Directors, State Executives From: NAWG Staff Date: December 11, 2018 Re: NAWG 2018 Farm Bill Conference Report Summary
To: NAWG Officers, Directors, State Executives From: NAWG Staff Date: December 11, 2018 Re: NAWG 2018 Farm Bill Conference Report Summary On Monday, December 10, 2018, the leaders of the House and Senate
More information2015 COTTON MARKET OUTLOOK AND RISK MANAGEMENT DECISIONS
2015 COTTON MARKET OUTLOOK AND RISK MANAGEMENT DECISIONS A A R O N S M I T H, P H. D. R O W C R O P E C O N O M I S T UNIVERSITY OF TENNESSEE EXTENSION AARON.SMITH@UTK.EDU HTTP://ECONOMICS.AG.UTK.EDU/CROP.HTML
More informationWhither the CRP: expirations, enrollments, and responses to changing commodity prices
Whither the CRP: expirations, enrollments, and responses to changing commodity prices Extension Section Crops Outlook track session AAEA Annual Meeting, July 2010 Denver, CO Daniel Hellerstein, ERS/USDA
More informationMaking Decisions Under The 2014 Farm Bill
C. Robert Stark, Jr. University of Arkansas at Monticello School of Agriculture UA Southeast Research and Extension Center Monticello, AR Making Decisions Under The 2014 Farm Bill Presentation at the 2014
More informationFarm Bill Choices. James Mintert, Director, Center for Commercial Agriculture. Michael Boehlje, Dis:nguished Professor & Extension Economist
Farm Bill Choices James Mintert, Director, Center for Commercial Agriculture Michael Boehlje, Dis:nguished Professor & Extension Economist Michael Langemeier, Assoc. Director, Center for Commercial Agriculture
More informationTHE FARM BILL AND THE WESTERN HAY INDUSTRY. Western States Alfalfa and Forage Symposium November 29, 2017 Reno, Nevada
THE FARM BILL AND THE WESTERN HAY INDUSTRY Western States Alfalfa and Forage Symposium November 29, 2017 Reno, Nevada Daniel A. Sumner and William A. Matthews University of California Agricultural Issues
More informationSupplemental Coverage Option (SCO)
Supplemental Option () 1. Overview and motivations for using 2. Dates and decisions for in 2019 3. of payment 4. Likelihood and size of payments from Available on farmdoctube on YouTube Linked in March
More informationRisk Management Agency
Risk Management Agency Larry McMaster, Senior Risk Management Specialist Jackson Regional Office Jackson, MS February 10, 2015 USDA is an Equal Opportunity Provider and Employer 10 RMA Regional Offices
More informationPROCRASTINATOR'S FARM BILL UPDATE. Paul Goeringer, Extension Legal Specialist, Women in Ag Wednesday Webinar March 11, 2015
PROCRASTINATOR'S FARM BILL UPDATE Paul Goeringer, Extension Legal Specialist, Women in Ag Wednesday Webinar March 11, 2015 Individual Farm Level Details are available from a crop insurance agent (list
More informationKeith Coble Giles Distinguished Professor Agricultural Risk Policy & Insurance Collaboratory
The Future of Crop Insurance and Farm Safety Nets Keith Coble Giles Distinguished Professor coble@agecon.msstate.edu @DrKeithHCoble Agricultural Risk Policy & Insurance Collaboratory Where I am coming
More informationAllan Gray and Luc Valentin. Purdue University
The 2008 Farm Bill Allan Gray and Luc Valentin Department of Agricultural Economics Purdue University Farm Bill Timeline May 13, 2002 Farm Security and Rural Investment Act of 2002 enacted. Commodity Futures
More information2008 FARM BILL: FOCUS ON ACRE
2008 FARM BILL: FOCUS ON ACRE (Average Crop Revenue Election) Carl Zulauf Ag. Economist, Ohio State University Updated: October 3, 2008, Presented to USDA Economists Group 1 Seminar Outline 1. Provide
More informationFinding the New, New Normal in Agriculture
Finding the New, New Normal in Agriculture Policy. Economy. Practices John M. Blanchfield 2016 Utah Bankers Ag Outlook and Conference January 28, 2016 John.blanchfield@verizon.net New Congress, New Ag
More informationAgricultural Policy and Risk Management Brief
Department of Agricultural and Resource Economics Campus Box 8109 Raleigh, North Carolina 27695-8109 COLLEGE OF AGRICULTURE & LIFE SCIENCES Agricultural Policy and Risk Management Brief May 25, 2018 How
More informationAll Approved Insurance Providers All Risk Management Agency Field Offices All Other Interested Parties
United States Department of Agriculture Farm Production and Conservation Risk Management Agency Beacon Facility Mail Stop 0801 P.O. Box 419205 Kansas City, MO 64141-6205 February 15, 2018 INFORMATIONAL
More informationCan U.S. Agriculture Survive in the World of Uncertainty? Flynn Adcock Texas A&M AgriLife Research
Can U.S. Agriculture Survive in the World of Uncertainty? Flynn Adcock Texas A&M AgriLife Research Prepared for 20 th Annual Farming for Profit? Conference Moose Jaw, SK, Canada June 24, 2013 Question:
More informationSupplemental Coverage Option Insurance SCO. Tim Lemmons Ext. Educator Northeast Research and Extension Center
Supplemental Coverage Option Insurance SCO Tim Lemmons Ext. Educator Northeast Research and Extension Center tlemmons2@unl.edu 402-370-4061 of Disclaimer This information is based on our reading of the
More informationCommon Crop Insurance Policy & Area Risk Protection Insurance 1
United States Department of Agriculture Farm Production and Conservation Risk Management Agency Beacon Facility Mail Stop 0801 P.O. Box 419205 Kansas City, MO 64141-6205 February 15, 2019 INFORMATIONAL
More informationAmerican Farm Bureau Federation Policy Recommendations for the 2012 Farm Bill
American Farm Bureau Federation Policy Recommendations for the 2012 Farm Bill The American Farm Bureau Federation Board of Directors approved the following document on September 28. Farm Bureau provides
More informationThe Agricultural Act of 2014
NATIONAL AFFAIRS COMMITTEE Adopted at the 90 th Annual Convention Ritz Carlton-South Beach, Miami Beach, FL May 2, 2014 1. With the new Agriculture Act of 2014 that we be mindful of payment limits and
More informationCrop Insurance for Milk? Dairy-Revenue Protection
Crop Insurance for Milk? Dairy-Revenue Protection Dr. John Newton jnewton@fb.org American Farm Bureau Federation 1 Congress Projected Annual Average Crop Market Value Dairy is the 3 rd Biggest Crop Billion
More information