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
RFD-TV Farm Legal and Taxation expert, Roger McEowen, with the Washburn School of Law, joined us Monday to break down the changes and explain what producers should know.
Beginning Farmers and Ranchers, Crop Insurance, and a Business Planning Complication
Strong corn exports are anchoring U.S. trade, while soybean sales remain steady, but shipments lag.
China’s buying decisions continue to be a critical factor in shaping cotton prices and export opportunities worldwide.
The Big Beautiful Bill has the potential to keep rural residents living and operating in their home communities.
Waiting could risk leaving next year’s crop unprotected.
