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.
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Midwest corn and soy producers are monitoring for disease and lower yields due to the ongoing drought over the last 30 days.
Cotton farmers should weigh potential PLC payments against STAX coverage and act before the September 30 deadline.
Argentina hopes to boost demand, but critics see the move as a blow to American farmers.
China is making strategic moves by purchasing more soybeans from Argentina and may soon follow the EU and reopen its market to Brazilian chicken exports.
Farmers should watch for soybean export rebounds with harvest, while corn and wheat shipments remain strong and sorghum demand struggles.
Rollins says the new trade relationship with Taiwan, which is committed to buying a significant amount of U.S. soy, could not come at a better time for farmers facing financial strain.
