Farmers have until March 15, 2024 to make their final commodity program decisions for their base acres for each crop and each FSA farm. Price expectations for 2024 crops have declined since January, so that …
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2024 ARC and PLC Recommendations in Brief for Wisconsin Farmers
Expected prices for 2024 are above PLC effective reference prices, so I recommend ARC-CO for corn, soybeans, wheat, and oats for Wisconsin farmers. However, if you want to add SCO (Supplemental Coverage Option) crop insurance …
ARC and PLC Recommendations for 2024
With the 1-year extension of the 2018 Farm Bill, farmers have until March 15, 2024 to make their commodity program decisions for their base acres for each crop and each FSA farm. Changes for this …
Ways to Reduce Borrowing for Your Farm
Interest rates for new ag loans have reached 15-year highs, averaging 8.5% for short-term loans during the 3rd quarter of 2023 in the region. Farmers are looking for ways to reduce borrowing as they look …
Marketing Assistance Loans – A Tool for Managing Interest Costs
As interest rates have risen to levels not seen since 2007, farmers are looking for ways to reduce their interest costs. Marketing Assistant Loans are one tool that many farmers may have forgotten about or …
Nitrogen Optimization Pilot Program (NOPP) and Crop Insurance Coverage
The Nitrogen Optimization Pilot Program (NOPP) was announced in late 2022 and the first Wisconsin farmers enrolled and planted their research areas in 2023. This post provides some guidance to those farmers enrolled in NOPP …
Estimating Custom Rates for 2023 Wisconsin Farm Operations
Paul D. Mitchell and Guang Tian, Agricultural and Applied Economics, UW-Madison PDF Version As the 2023 crop season get started, landowners and custom service providers are negotiating custom rates, but the newest Custom Rate Guide for …
ARC and PLC Recommendations in Brief for 2023
Expected prices for 2023 are well above PLC reference prices, so I recommend ARC-CO for corn, soybeans, wheat, and oats for Wisconsin farmers, but do not expect ARC or PLC payments for the 2023 season. …
ARC and PLC Recommendations for 2023
Signup for the USDA commodity support programs Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) for the 2023 crop year began October 17, 2022. Farmers have until March 15, 2023 to make or change …
ARC and PLC Recommendations in Brief for 2022
Expected prices for 2022 are well above PLC reference prices, so I recommend ARC-CO, but do not expect large payments from ARC or PLC. If you want to buy SCO (Supplemental Coverage Option) crop insurance …