PARKER, Colo. (RFD-TV) — With the latest yield projections now in from the U.S. Department of Agriculture (USDA), estimates for ARC and PLC payments are being updated — but farmers remain in limbo amid the ongoing federal government shutdown.
Farm CPA Paul Neiffer joined us on Friday’s Market Day Report to break down his updated analysis of projected payments scheduled to be paid next October.
In an interview with RFD-TV News, Neiffer explained how the recent yield numbers could impact the size of those payments and what producers can expect in the months ahead. He also addressed recent changes to ARC calculations, explaining whether those adjustments will be applied to the 2025 payment cycle — and how excluding them could impact farmers’ bottom lines.
Neiffer discussed what these projections mean for growers already facing tight margins this season and emphasized the importance of staying informed despite data delays caused by the government shutdown. Finally, he shared insight into how the lack of updated crop reports could affect upcoming payment estimates and whether farmers should be concerned about further disruptions.
In today’s Firm to Farm blog post, RFD-TV ag law expert Roger McEowen briefly examines several of the issues that farmers and ranchers face.
August 08, 2024 12:24 PM
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