North Liberty and South Bend, Indiana | Quick math using vague numbers.
PP pay what, 55% of APH × about $9.50 for soybeans.
50 bushel APH would net a PP payment of $261/acre.
Assumed $2/bushel soybean payment translated into $100/acre MFP payment irrelevant to crop means $100/acre MFP vs. $261 for PP. Takes $161/acre plus growing costs to be a better deal than PP. So what, 25 bushel per acre? Then figure the possibility of a lessened MFP payment. PP may still be the way to go short term and long term.
Edited by Farms With CASE 5/23/2019 12:24
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Breaking MFP announced
