Managing for Profit

Finding a potential solution for timelier commodity program payments

An ag economist says a multiyear risk program (MYR) could offer farmers a timelier method for delivery of commodity program payments than the traditional ARC/PLC. Ohio State University professor emeritus Carl Zulauf explains why a study suggests shifting when payments are made could benefit farmers and some of the historical trends that support this. The study was co-authored by the Department of Agricultural and Consumer Economics at the University of Illinois.