Several crops are set to see a big jump in government payments from the “Big, Beautiful Bill.”
The University of Missouri broke down the numbers by crop.
The Ag Policy Research Institute found that farmers with eligible base acres would see payments jump this year, largely because of the bump in ARC and PLC.
Economists estimate cotton payments will rise 177 percent, peanuts up 205 percent, and rice farmers will gain 222 percent.
Corn payments would go up to around $40 an acre, soybeans would rise to around $25 an acre, and wheat payments would jump to around $34 an acre.
Related Stories
A Reuters report shows China has a soybean “glut,” finding stockpiles at Chinese ports are at record levels, with crushers there holding the most supplies since 2017.
Export strength is concentrated in corn and wheat, while soybeans and sorghum lag, keeping basis and logistics dynamics highly commodity-specific into late fall.
Ohio AgNet’s Dusty Sonnenberg takes us up in the cab with a popcorn farmer bringing in this year’s haul.
Farm CPA Paul Neiffer shares insight into what these new accounts, established in provisions of the Big, Beautiful Bill, could mean for the farm families.
While the U.S.-China framework for soybean trade is in place, Ohio farmer Chris Gibbs tells us he will believe it when he sees it.
Record output, larger stocks, and softer exports point to a well-supplied domestic ethanol market as harvest progresses.
