Dr. Paul Mitchell reports that “in general, there is a 6% cut in total spending on commodity support, with new commodity support programs for grains (PLC/ARC) and dairy. Signup for these will likely occur in late summer of 2014 (August?). The big issue to note is that direct payments will not be made this fall and if a farmer gets a PLC/ARC payment for losses in the 2014 season, they will not come until fall 2015.”
Additionally, “crop insurance has changed only a little, with the most significant changes being conservation compliance requirements for crop insurance premium subsidies and a new policy called supplemental coverage option that lets farmer layer individual and county wide policies. Note: none of these will take effect until the 2015 season.” For more information, please visit Dr. Mitchell’s websiteThis article was posted in WCWS and tagged Agriculture, commodity, crop insurance, event, farm bill, UWEX, Webinar, Wisconsin.