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Expanded Farm Safety Net Payments Under the One Big Beautiful Bill Act

Author

Listed:
  • Oranuch Wongpiyabovorn
  • Tayatorn Pongspikul
  • Alejandro Plastina
  • Anup Paudel
  • Chandan Bhattarai
  • Jennifer Ifft

Abstract

The One Big Beautiful Bill Act (OBBBA) strengthens the agricultural risk coverage (ARC) and price loss coverage (PLC) programs by aligning program parameters more closely with recent market dynamics and allows for an expansion in program acres. This study projects the increases in ARC‐County and PLC payments for corn, soybeans, and wheat under OBBBA, compared with those under the 2018 Farm Bill. Total projected program payments would increase by $4.65 billion for crop year 2025 and $1.30–$2.13 billion for crop year 2026 (depending on the relative enrollment rates), with high regional heterogeneity. JEL Classification: Q14, Q18

Suggested Citation

  • Oranuch Wongpiyabovorn & Tayatorn Pongspikul & Alejandro Plastina & Anup Paudel & Chandan Bhattarai & Jennifer Ifft, 2026. "Expanded Farm Safety Net Payments Under the One Big Beautiful Bill Act," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 48(5), pages 1669-1680, December.
    • Handle: RePEc:wly:apecpp:v:48:y:2026:i:5:p:1669-1680
    DOI: 10.1002/aepp.70120
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    More about this item

    JEL classification:

    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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