It has been a tense couple of weeks on Capitol Hill, but after much debate, emergency help is coming to farmers and ranchers.
The stopgap bill included $10 billion for direct payments to farmers. There are no exact dollar amounts, but frequent Market Day Report guest Paul Neiffer says he has some ballpark estimates. He expects $43.80 for corn, $30.61 for soybeans, $31.80 for wheat, and $84.70 for cotton.
Neiffer says payments are calculated by the difference between expected gross returns and production costs. There is also a 26 percent adjustment factor.
These are just estimates and USDA will have the final say.
