January 21, 2021
2021 Farm Bill Decisions for Crop Producers
Crop producers need to make their 2021 farm program choices at their local Farm Service Agency (FSA) office (or online) by March 15, 2021. Producers have the option of choosing either the Agriculture Risk Coverage (ARC) or the Price Loss Coverage (PLC) program. In this episode of the Purdue Commercial AgCast, Purdue agricultural economists Michael Langemeier and James Mintert review how the most commonly chosen program options during the last sign-up period played out for the 2019 crop and are likely to play out for the 2020 crop. They conclude with a discussion about how to go about making your 2021 program elections. Find the accompanying pdf document of this discussion below.
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Where do you begin if you’re looking to transfer your farm to the next generation? Before starting with a legal entity, it’s important to come together and establish common goals and a direction for where you picture your operation moving in the future. Our Farming Together workshop will help you begin discussions to lead you to a successful transition.
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Read MoreWebinar each month following USDA’s release of the updated World Agricultural Supply and Demand Estimates (WASDE). Catch the next monthly update on February 9 for the corn and soybean outlook following release of USDA’s February Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. Registration is free.
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