NDSU Offers Farm Bill Decision Aid
An education tool is available from the North Dakota State University Extension
Service for evaluating certain options under the commodity title of the
Agricultural Act of 2014 (farm bill).
Producers may elect to enroll in the Price Loss Coverage (PLC) program or the
county Agricultural Risk Coverage (ARC) shallow loss revenue program on a crop
by crop basis within each Farm Service Agency farm number.
"Producers may choose to keep their existing base acres or reallocate base acres
using their 2009 through 2012 crop history," says Andrew Swenson, NDSU Extension
farm management specialist. "Producers also can update payment yields on a crop
by crop basis."
The program, available at www.ag.ndsu.edu/farmmanagement/farm-bill, will assist
producers with these decisions, given their national average marketing year
price and county average yield projections.
"The program does not consider the individual farm level ARC option or the
possible benefits of the Supplemental Coverage Option crop insurance available
with PLC enrollment," Swanson says. "It should be emphasized that there is
plenty of time to evaluate the farm bill options because these decisions do not
need to be finalized for several months.