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Farm bill trap
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fairviewfarmer
Posted 1/30/2015 18:24 (#4350530 - in reply to #4350524)
Subject: RE: Farm bill trap


swne - 1/30/2015 18:22

I'm seeing the same thing. Planning to go ARC-CO on most farms but thinking I might put my own farm in PLC just to hedge my bets. Take the money that is almost certain now and who knows what the future years will be. I also could see if things don't work out and prices stay real low the farm program could be tweaked in later years. Didn't they do that on the last bill when you could choose to get out of ACRE or was that during the extension?
Another thing to consider is on rented land that you may not have the full 5 years it would make sense to take the money ARC-CO gives you now instead of signing up for PLC and giving up payments early on, losing the land, then the next operator possibly benefiting from larger PLC payments.


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