Dr. Paul D. Mitchell, Professor of Agricultural and Applied Economics, Director of Renk Agribusiness Institute, University of Wisconsin-Madison
This new webpage assembles a variety of resources to help farmers (and those working with farmers) make their decisions regarding signup for the Farm Bill commodity support programs ARC and PLC. These materials have a Wisconsin focus, but are not exclusively for Wisconsin, as the programs are national in scope.
Summary of Recommendations for 2019-2020
- Corn: Choose PLC: Reference Price is good relative to market expectations
- Soybeans: Run Gardner simulation model for your county and payment yields and choose the option (ARC-CO or PLC) with the highest average payments for 2019 and 2020
- Wheat: Choose PLC: Reference Price is good relative to market expectations
- Oats: Choose ARC-CO, historical prices give high county revenue guarantees
In addition, there are 9 new videos you can watch or listen to and have everything explained in detail. This is a link to a YouTube playlist which has all nine included. (To see all 9 titles and skip to a specific video, click the 1/9 button in the very top right of the video image.)