PARKER, CO (RFD NEWS) -- USDA’s latest WASDE report included updated marketing year average prices, raising new questions about how the numbers could affect potential PLC payments for major crops.
Farm CPA Paul Neiffer joined us on Friday’s Market Day Report to discuss what the updated projections could mean for producers.
During his conversation with RFD News, Neiffer discussed how the revised price outlook may impact potential crop payments and what producers should watch moving forward.
He also addressed how ARC calculations could factor into the current outlook for farm program payments.
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March 15 of each year is the application deadline for the Pima Cotton Trust, and March 1 of each year is the application deadline for the Wool Trust. The law mandates trust payments by April 15. More information about these programs is available at www.fas.usda.gov/programs.
