@Srm67@mopaksus That or he pays the difference between contracted price and current price. Assuming the price now is better.
Contract at $6. Price now (Harvest Price) is $6.75. Insurance pays $6.75. Pays grain buyer .75 cents.
Gets the original $6.
That’s why it’s low risk to contract ahead.
@flyinfarmer68 Good question - FSA is currently working on adding 30 million base acres. Sometime after that is done enrollment for 2026 crops will happen. Unusual that elections will happen so late, but it’s to the advantage of the savvy farmer.
2026 is the year you find it how much your insurance agent understands ARC and PLC.
It’s a unique year where we can make really educated decisions on the best programs.
Choosing the wrong program could be a difference of $100/acre on Corn base.
Get with someone who knows!
Want to estimate your ‘25 ARC/PLC & ECO payments? Click here: https://t.co/mY1yE9iOnP
Estimates are based on a high % of farmer reported yields to Ins. Companies + WASDE est. MYA prices.
Actual final yields for C/SB not released until June.
Latest data I have indicates 61% of all Non-Irrigated Corn counties will have an ECO payment. Average payment will be about $31/acre, but lots of max payments.
50% of NI SBs ($18)
56% of NI Wheat acres ($15)
@bwilke18 Wheat is out there as of yesterday. C/SBs are yields we have compiled from AIPs who are sharing the production they have collected. Not perfect, but it’s gonna be awful close.
Latest data I have indicates 61% of all Non-Irrigated Corn counties will have an ECO payment. Average payment will be about $31/acre, but lots of max payments.
50% of NI SBs ($18)
56% of NI Wheat acres ($15)
Translation: Whatever you have been paid from SDRP phases 1 & 2 so far you will get again. They call this phase 3.
SDRP phases 1 and 2 both extended to mid-August.
Yeah, that’s what I thought you meant.
Can’t tell you exactly how it plays out, but it involves lots of pain before any positives.
Corn market probably benefits the most down the line.
Soybeans are already grown in better areas and the market is too global to have a major impact.
Cotton might slowly disappear 🫠