Impacts of Economic Assistance Payments

From farmdocdaily.illinois.edu

In December, the U.S. Congress passed legislation that 1) continued the current farm bill into 2025, 2) appropriated $20.78 billion for disaster aid to farmers, and 3) appropriated $10 billion in economic assistance payments to farmers. This article discusses these impacts, with a focus on the $10 billion in economic assistance which is estimated to provide $42.51 per acre for corn and $29.50 per acre for soybeans to offset projected economic losses for the 2024 production year. Read the rest of the article here.