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What About Rice

5 days ago | farmcpareport.com | Paul Neiffer

In today’s post we will try to estimate the 2025 rice ARC or PLC for a farmer in Crittenden County, Arkansas. For ARC, the current price is $15.07 per cwt and the county benchmark revenue based on county yield of 7,386.9 pounds per acre is $1,113.21. The ARC guarantee under current rules is 86% of this number or $957.36. USDA currently estimates the price for this rice at $12.00 per cwt. Therefore, final harvested revenue assuming same yield would be about $886.43.
SDRP Calculator

6 days ago | farmcpareport.com | Paul Neiffer

We assume the Supplemental Disaster Relief Program (SDRP) is going to be based on yield and not include any price component since that was paid as part of ECAP. If so, we thought it might be good to have a quick calculator that could estimate the amount of payments for each of the crops that you farm. Attached is the spreadsheet for doing those calculations. Note the following:The cells in yellow are what you need to input.
What About Soybeans

1 week ago | farmcpareport.com | Paul Neiffer

In yesterday’s post, we provided our calculations on 2025 corn ARC and PLC payments. Today, we do the same for soybeans. USDA currently estimates the 2025/26 soybean MYA price at $10.25. The new effective reference price for soybeans is $10.34, therefore PLC would make a 9 cent per bushel payment. Here is the chart of the results:Keep reading with a 7-day free trialSubscribe to Farm CPA Report to keep reading this post and get 7 days of free access to the full post archives.
2023/24 ELRP Details Released

1 week ago | farmcpareport.com | Paul Neiffer

The American Relief Act allocated $2 billion of disaster aid for livestock producers affected by drought and wildfires for 2023 and 2024. USDA just released the details on part of this aid. This aid will be about $1 billion of the total $2 billion for livestock. The details on the other $1 billion will be released later. Some of the key details of the aid are:This Substack is reader-supported. To receive new posts and support my work, consider becoming a free or paid subscriber.
What About Corn

1 week ago | farmcpareport.com | Paul Neiffer

After yesterday’s post on estimated 2025 wheat ARC and PLC payments, we thought a calculation of estimated 2025 corn ARC / PLC payments might be in order. We updated the numbers to reflect the current estimates for corn effective reference prices and ARC benchmark prices and here are the results:
2025 Wheat ARC or PLC, Which is Better

1 week ago | farmcpareport.com | Paul Neiffer

In response to our blog post from yesterday, we had a reader ask us the following:“The reference price for wheat, as you reported is likely increasing to $6.35/bu. for the 2025-26 crop year. Many growers in our area selected ARC-County earlier this year based on a reference price that was projected at $5.55/bu. PLC looks a lot more favorable at the higher reference price of $6.35/bu. than ARC-County especially since early projections are estimating the 2025-26 average wheat price around $5.30/bu.
Most Crops Get Bump in 2025 ARC Benchmark Price

1 week ago | farmcpareport.com | Paul Neiffer

The House has passed their budget bill, and it is off to the Senate. Part of that bill includes an increase in reference prices which we have posted on before. With the increase in reference prices, we will see an increase in the ARC benchmark price for most crops. Why is that? To calculate ARC benchmark revenue, we take the Olympic average of the last five years (throw out the high and low) of prices and yields and multiply them together to arrive at benchmark revenue.
A Poll on One Big Beautiful Bill

2 weeks ago | farmcpareport.com | Paul Neiffer

Now that the One Big Beautiful bill has passed the House with a one vote margin, we thought we would take poll on some of the key passages of the BillThis poll will run for a week, and it will be interesting to see how the votes turn out. Voting results will be updated on a real time basis.
We Have a Bill - But Now Onto the Senate

2 weeks ago | farmcpareport.com | Paul Neiffer

The House in the early morning of today passed the One Big Beautiful bill. However, this is not law yet. The process now goes over to the Senate and there will be changes there and those changes will need to be reconciled between the two chambers. It appears we are still on track for having a bill by July 4 (I am sure President Trump would love to sign it on that day).
Update on MASC and SDRP aid

2 weeks ago | farmcpareport.com | Paul Neiffer

We have gotten some questions about the Marketing Assistance for Specialty Crops timing on payments. The first batch of payments were issued at the end of 2024 / early 2025. At the end of April, USDA announced they would sending out another batch of payments totaling $1.3 billion and those payments would be issued shortly. There is now a delay on this since the Office of Management and Budget (OMB) has questions on the amount of funding.