2017 Ag Policy Watch List: Issues Bigger than the Farm Bill

ag policy watch list. ag trends. agricultural economic insights

by David Widmar and Brent Gloy

We previously noted that macro-economic and policy issues seem poised to play a larger role in 2017 (and beyond) than in recent memory. This realization has become even more evident in recent weeks as a host of policy issues – both directly and indirectly impacting agriculture – have been discussed. We – Brent and David- are in no way ag policy experts, but the policy issues facing agriculture are significant enough we felt it was important to provide some context. With that said, this week’s post is our 2017 Ag Policy Watch List. Just six months ago is seemed the only issue ag policy gurus were debating was when to start planning for the next Farm Bill. As you will see from our list, ag policy makers will likely spend most of 2017 on issues much bigger than the Farm Bill. Continue reading

Edging Closer to the ARC-CO Payment Cliff

soybean-sunset-3

By Brent Gloy

The 2016 USDA farm income forecast shows that USDA expects direct government program payments to increase by roughly $2 billion over 2015 levels, reaching a total of $12.8 billion.  The increase was driven primarily by increases in payments under the ARC and PLC programs.  From 2015 to 2016 the forecast is for PLC program payments to increase from $754 million in to $1.96 billion (160% increase) and payments under ARC programs to increase from $4.38 billion to $5.94 billion (35% increase). Continue reading

How Did Your County Do? Changes in ARC-CO Revenue Guarantees

By Brent Gloy

ARC-CO Revenue

In our last post we discussed how the Olympic averaging process will almost certainly result in lower price guarantees for corn and soybeans in 2016.  In this post we take a look at the county level yield and revenue guarantees. Continue reading