How Has Your State Fared Under the 2014 Farm Bill?

by Brent Gloy and David Widmar

The 2014 Farm Bill made several changes to U.S. farm programs.  The most notable was probably the elimination of Direct and Counter Cycle Payment (DCP) and Average Crop Revenue Election (ACRE) programs and the development of the Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC) programs.  While work is already underway on developing another farm bill, we thought it would be a good time to examine how producers in different regions have fared under the current and previous farm bills.  Continue reading

What if CRP Acres Increased?

ag trends. agricultural economic insights

by David A. Widmar

The Conservation Reserve Program (or CRP) has been in the news lately as members of Congress have called for an increase in acres. This was no surprise to us as we’ve previously written about trends in the CRP program and noted that conditions seem ripe for an expansion (here and here). Furthermore, former Secretary of Agriculture Tom Vilsack was quoted last year saying Congress would likely face pressure to “…rethink the cap on CRP.”

Given the latest CRP conversation, this week’s post takes an updated look at CRP trends and walks through a simple thought experiment to provide insights on what a reduction in U.S. crop production acres might look like. Continue reading