Farm Program Directions, Details, and Decisions (Jan. 25, 2024 Webinar)

With: Dillon Breinig, Production and Compliance Programs Specialist, Nebraska USDA Farm Service Agency; and Brad Lubben, Extension Policy Specialist from UNL. The 2018 Farm Bill was extended for another year after it was set to expire in 2023, and ag producers have another Agriculture Risk Coverage (ARC) versus Price Loss Coverage (PLC) program decision in 2024. Changing economic conditions, price projections, and underlying support levels for both ARC and PLC in 2024 mean that producers will want to give careful thought to another ARC v. PLC enrollment decision at the USDA Farm Service Agency. This webinar will provide an update on farm program details and decisions for 2024 and discuss the prospects of further farm bill development in the coming year. Breining will discuss farm program decisions for 2024 under the Agriculture Risk Coverage and Price Loss Coverage (ARC/PLC) commodity program safety net. Lubben will discuss the economics of the ARC v. PLC decision for 2024 and the broader farm bill issues and prospects still ahead.