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February 3, 2023
Recent Videos
managing … Making the 2023 ARC/PLC Program Decision
Robin Reid … Economics
• If we see higher commodity prices through 2023/2024 as we are now:– …
February 2, 2024
Recent Videos
managing … Will a Farm Bill be passed in an election year? Will there be another extension?
• Crop Insurance is permanently authorized, as is SNAP (food assistance)
Where we are at today…
Current issues
• … Most talk is a status‐quo Farm Bill– Desire to raise PLC reference prices– Base acre update• …
2021 Mini-Risk and Profit Conference Presentations
Economics
2021 Ag. Policy Update
& ARC/PLC Decision
Robin Reid
Extension … 2020
2018 Farm Bill Program ARC/PLC:
Payments made in early … early Oct. for 2019/2020 crop marketing year
Opportunity …
October 1, 2023
2023 Crop Insurance Workshop Presentations
May see a temporary extension until early next year
• Crop Insurance is permanently authorized, as is SNAP (food assistance)
The reality…
Current issues
• … Most talk is a status‐quo Farm Bill– Desire to raise PLC reference prices– Base acre update• … 2018 10‐year baseline was $867 billion
Source: Congressional Research Service and Congressional Budget Office, May 2023
Farm Bill BudgetBaseline Comparison
Area …