Changes in Commodity-Income Support Programs and Commodity Prices Have Caused Increased Variability in Support Payments

David Boussios and Erik O'Donoghue

Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, 2019, vol. August 2019, issue 07

Abstract: A recent ERS analysis estimated the potential range of the Government’s cost for the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs over the next 10 years for the three largest covered commodities—corn, soybeans, and wheat. Simulating program costs at both the county and national levels indicates program expenditures could vary widely due to uncertainty in commodity markets.

Keywords: Crop Production/Industries; Farm Management; Financial Economics; Labor and Human Capital; Risk and Uncertainty (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersaw:302730

DOI: 10.22004/ag.econ.302730

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