WASHINGTON — The current 2014 Farm Bill expired September 30, 2018. Before the end of 2018, Congress will need to pass a new Farm Bill or an extension of the 2014 bill. Either way, the 2014 Farm Bill’s direct payment programs – ARC and PLC – are expected for 2019. While a few specific details may change, the overall mechanics will be very similar to those in the last farm bill. In fact, the most significant change since passing the 2014 Farm Bill will be commodity prices and farm financial situation. With that in mind, this week’s post considers the current price environment as it relates to ARC and PLC.
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