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

Author

Listed:
  • Boussios, David
  • O'Donoghue, Erik

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.

Suggested Citation

  • Boussios, David & O'Donoghue, Erik, 2019. "Changes in Commodity-Income Support Programs and Commodity Prices Have Caused Increased Variability in Support Payments," Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, United States Department of Agriculture, Economic Research Service, vol. 0(07), August.
    • Handle: RePEc:ags:uersaw:302730
    DOI: 10.22004/ag.econ.302730
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