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A Mid-December Look at 2024 Crop Safety Net Payments

Author

Listed:
  • Zulauf, Carl
  • Coppess, Jonathan
  • Schnitkey, Gary

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.

Suggested Citation

  • Zulauf, Carl & Coppess, Jonathan & Schnitkey, Gary, 2025. "A Mid-December Look at 2024 Crop Safety Net Payments," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 14(226).
  • Handle: RePEc:ags:illufd:358381
    DOI: 10.22004/ag.econ.358381
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