(Posted Thu. Mar 5th, 2015)
Helping farmers choose the right farm bill risk coverage package will be the topic of a free DTN webinar March 12, co-sponsored by the National Corn Growers Association.
Farmers and ranchers will have to decide soon which risk coverage package is right for them of three options: Price Loss Coverage (PLC), or one of two Agricultural Risk Coverage (ARC) packages (county or farm level). It is important for growers to be educated on this topic because the one-time choice they make will have an impact on their operations for years to come.
DTN's webinar, titled “ARC or PLC: Which Safety Net Fits You?”, hosted by DTN Executive Editor Marcia Taylor, will include presentations from University of Illinois Economist Gary Schnitkey; University of Illinois Assistant Professor of Law and Policy and former FSA administrator Jonathan Coppess; and Mississippi State Economist and former advisor to the U.S. Senate Agricultural Committee Keith Coble.
“This is the first time farmers have a choice on risk management programs, and it’s a big decision that will affect their operations for years to come,” said Jim Reed, an Illinois corn grower and chairman of NCGA’s Public Policy Action Team. “The webinar is a great opportunity to hear from a few of the most knowledgeable ag economists on the programs. The ARC program especially is a smart, market-based approach to managing risk, and NCGA is proud of the role we can play in educating growers about their choices through programs like this.”
Schnitkey, Coppess and Coble will share examples of corn and soybean 2014 county yields and price forecasts from multiple geographies, which will help farmers and ranchers learn about what conditions favor PLC or ARC packages so growers can make an informed decision. The signup deadline is March 31.
The webinar will be held from 10-11 am. CDT, March 12. Click here to register. Recordings will be available afterward for those who cannot attend.