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Farm bill extension means familiar safety net in 2025
A farm management specialist at the University of Illinois says Congress’ extension of the 2018 Farm Bill for another year means farmers have a familiar safety net in place.
Gary Schnitkey tells Brownfield, “It’s going to be the same farm programs as we had last year, so nothing changes.” He says, “We’ll have the same commodity title program. The farm bill will not change anything in the crop insurance program.”
He says current commodity prices mean decisions on farm safety net programs are even more important.
“For corn, we’ve usually had PLC payments kick in at $3.70, now those payments will kick in at a price above $4.” He says, “Most farmers will pick ARC for soybeans. Probably ARC for corn, and wheat probably PLC.”
Farmers have until March 15th to make their decision. Schnitkey says any Agriculture Risk Coverage (ARC) or Price Loss Coverage (PLC) payments earned in 2025 would be paid to the farmer in October of 2026.
AUDIO: Gary Schnitkey – University of Illinois
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