Can't predict the future.... but can review historical data to see how Enhanced Coverage Option would have paid in the past. Below are charts that look back to see the number of years ECO would have triggered and the number of years the full ECO payment would have been paid. [...]

Enhanced Coverage Option uses Expected County Yields x Projected Price to determine the Expected County Revenue. Below are the 2021 Expected County Yields in our area: Corn Butler - 200.2 Franklin - 203.0 Grundy - 219.6 Hamilton - 194.1 Hardin - 200.4 Marshall - 212.6   Soybeans Butler - 55.8 [...]

Iowa State University's Ag Decision Maker website is a great resource to evaluate ARC-CO and PLC. As a reminder, PLC is  triggered if the Marketing Year Average Price is lower than the Effective Reference Price. The Effective Reference Price is $3.70 for corn and $8.40 for soybeans. ARC-CO is triggered [...]

Reminder You will need to elect PLC or ARC-CO by March 15, 2021 for the 2021 crop year. Farm Bill elections will be an annual election in 2021, 2022, and 2023. If you fail to make an election by March 15, you will default to the 2019 & 2020 election. [...]

ECO dollar per acre coverage will be determined by your individual APH. You can elect 95% coverage, which gives you a 9% coverage band. Or you could elect 90% coverage which gives you a 4% coverage band. Let's take a look at how the ECO dollars per acre coverage is [...]

Starting in 2021, a Beginning Farmer & Rancher (BFR) can use a Previous Producer's yield history. There are a few requirements to meet: The BFR must have been involved in the decision making of a farming operation. The BFR must have actively participated in the crops being planted. The Previous [...]