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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The September WASDE report comes out on Friday at Noon ET. As always, we’ll bring you those numbers right here on Market Day Report along with our expert
