(Posted Wed. Oct 29th, 2014)
This Friday, the University of Illinois will host a free webinar to provide information on the web-based tools released by the USDA to help farmers make decisions about the new risk management programs authorized through the 2014 farm bill.
The webinar starts at 8 a.m. CDT and 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.
The presentation will cover the new tools and the Farm Bill Toolbox, which includes 7 steps for making FSA farm decisions. Presenters include University of Illinois Department of Agricultural and Consumer Economics Clinical Assistant Professor Jonathan Coppess, Professor Gary Schnitkey and Associate Professor Nick Paulson.
In the coming months, farmers will make a one-time choice between Ag Risk Coverage and Price Loss Coverage 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.
For more information and resources about the farm bill, visit www.ncga.com/farmbill.