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Tag Archive: "farm bill"

ARC Could Lock in More Revenue Than Crop Insurance

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February 16th, 2014

We have written several posts on Agricultural Risk Coverage over the last couple of weeks, however, the Olympic average calculations called for in ARC may yield higher income levels than crop insurance for the 2014 and 2015 crop years.  ARC is calculated by taking the average revenue for either county or individual coverage.  This Olympic […]

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Which is Better – ARC or PLC + SCO

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February 6th, 2014

Crop farmers will have two program options to consider under the new Farm Bill.  Option # 1 is Agricultural Risk Coverage (ARC) which covers the risk of the farmer not receiving targeted revenue between the 76% and 86% band.  If “actual” revenues calculated by the USDA fall within this band, then the farmer will collect […]

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Price Loss Coverage – What is it?

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January 30th, 2014

Yesterday, we posted on Agricultural Risk Coverage (ARC).  Today we will go over the rules on Price Loss Coverage (PLC).  ARC is based upon both a yield and price component, whereas, PCL is based strictly on price.  The USDA will determine the average crop price during each marketing year and compare that to the “base” price […]

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How To Make an Extra $100 Per Acre!

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January 29th, 2014

I spent part of today reviewing the new Farm Bill that was signed by the House today and most likely law by next week.  I spent most of the time reviewing the Agricultural Risk Coverage (ARC) which is one option that farmers can sign up for.  The other option is the Price Loss Coverage which […]

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Dairy Farms Will Have “Margin Insurance” in New Farm Bill

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January 28th, 2014

One of the most contentious parts of the wrangling over the new farm bill (not yet passed, but out of conference yesterday) centered around support for dairy farmers.  The National Milk Producer’s Federation had lobbied for a “supply management” provision, however, House Speaker Boehner had argued that this was simply a “Soviet-style” economic planning. In […]

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Senate and House Appear Closer on Farm Bill

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May 16th, 2013

After the House passed their Farm Bill today, it appears that their version on the Senate version are not too far apart.  The key points for both are: An elimination of all direct farm payments A reduction in CRP acreage to either 24 or 25 million acres Consolidation of many farm programs A Price Support […]

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What is “Draconian”

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May 15th, 2013

I was doing a google search on the House Farm Bill today and the 10th item that showed up in my search was this article.  With a title of “House Ready to Make Draconian Cuts to Food Stamps in House Bill” I was interested in what these “draconian” cuts were.  As you read the article, […]

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Another Bill to Reduce Farm Payments is Introduced!

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February 14th, 2013

Four Senators (two Democrats and two Republicans) this week introduced a bill “The Farm Program Integrity Act of 2013″ to place a cap on farm payments that an individual farmer can receive and try to close “certain perceived” loopholes in the farm payment program.  This bill closely follows language that was included in the original […]

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Good News – Certain Credits Offset AMT

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January 13th, 2013

Part of the ongoing Alternative Minimum Tax (AMT) mess over the last several years involved the allowance of certain nonrefundable individual tax credits such as the adoption credit, the child and dependent care credit, the lifetime learning credit and other similar credits to be allowed to reduce AMT.  In some years it was allowed whereas in […]

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Will There Be An “Agriculture Abyss”?

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December 9th, 2012

The Economist Magazine based in England writes several good articles a year on items related to farming.  They just recently posted an article dealing with the farm bill making its way through Congress. Most farmers know that the Farm Bill has technically expired as of September 30, 2012, but many probably do not know that we […]

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