Sharefree webinar this Friday, October 3 at 8 a.m. CDT to review these tools and their Farm …">
(Posted Thu. Oct 2nd, 2014)
Last week, the USDA released web-based tools to help farmers make decisions about the new risk management programs authorized through the 2014 farm bill.
The University of Illinois will host a free webinar this Friday, October 3 at 8 a.m. CDT to review these tools and their Farm Bill Toolbox, which includes 7 steps for making FSA farm decisions.
In the coming months, farmers will make a one-time choice between Ag Risk Coverage (ARC) and Price Loss Coverage (PLC) for the 2014-2018 crops. ARC is a market-based program that pays when there is a revenue shortfall, while PLC is a price-only program similar to past counter-cyclical programs.
Farmers can use the web-based decision tools to run through various scenarios, including how markets might perform over the next five years. NCGA encourages growers to take full advantage of these tools, so that they can make an informed decision about the right program for them.
The webinar is free, but registration is required and is limited to 1,000 attendees. Click here to register. The webinar will last 90 minutes and can be viewed on desktop computers, laptop computers, and mobile devices.
For more information and resources about the farm bill, visit www.ncga.com/farmbill.