Benefit to Washington wheat producers associated with increased farmer program flexibility

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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.