Important decisions looming for farmers

Posted 1/21/15

Farmers have several important decisions to make under the 2014 farm bill, according to a Texas A&M AgriLife Extension Service economist.

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Important decisions looming for farmers

Posted

Farmers have several important decisions to make under the 2014 farm bill, according to a Texas A&M AgriLife Extension Service economist.

Producers have the option to choose between two safety net programs: Price Loss Coverage (PLC), and Agricultural Risk Coverage, and the opportunity to reallocate base acres and update payment yields.

“These are five-year decisions,” said Dr. Joe Outlaw, co-director of the Agricultural and Food Policy Center at Texas A&M University and AgriLife Extension economist. “Farmers have to decide what is best for their operation, knowing that their choices will extend through the life of the farm bill.”

The deadline for base allocation and yield update is Feb. 27. The 2014 farm bill ARC-PLC election deadline is March 31.