Benefit to Washington wheat producers associated with increased farmer program flexibility

From small grains.wsu.edu

Wheat farmers signing up for U.S. farm program benefits in early 2015 were asked to select between a revenue based program (Agricultural Risk Coverage – ARC) or a price based program (Price Loss Coverage – PLC). Once a choice was made, the choice was binding over the entire life of the 2014 Farm Bill. This created a challenge because the two programs generate very different benefit streams under different market scenarios. Read the rest of the article here.