A Mid-December Look at 2024 Crop Safety Net Payments

Carl Zulauf, Jonathan Coppess and Gary Schnitkey

farmdoc daily, 2025, vol. 14, issue 226

Abstract: Discussion is occurring over ad hoc assistance for economic losses by crop producers resulting from the combination of low crop prices and continuing high production costs. Ad hoc assistance adds to assistance provided by the existing safety net of commodity programs and crop insurance. As of December 11, 2022, existing safety net payments are likely to be highest for wheat, rice, peanuts, and, especially, seed cotton. Good policy requires that these payments, along with any ad hoc assistance for production losses, be taken into account when designing ad hoc assistance for economic losses. Otherwise, combined payments may be higher or lower than intended. Neither is good policy.

Keywords: Agribusiness; Agricultural Policy; Crop Insurance; Farm Program Analysis and Outlook (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ags:illufd:358381

DOI: 10.22004/ag.econ.358381

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