By: Nick Paulson, Lee Bynum
Nick Paulson - Nick Paulson - Continued price declines have created concerns about farm incomes for 2023 and 2024. The price declines and county yield experience for 2023 suggest that PLC and ARC-CO payments are not likely to be triggered in most areas for corn, soybeans, or wheat. Even if ARC or PLC trigger support for 2024, would not be received until October of 2025. Given the current price outlook, careful budgeting and cash flow planning for the rest of 2024 and into 2025 will be critical.