By Katie Dehlinger
DTN Farm Business Editor
MOUNT JULIET, Tenn. (DTN) — A vast majority of corn and soybean farmers elected the Agriculture Risk Coverage program under the 2014 Farm Bill, but University of Illinois economists say growers are more likely to choose the Price Loss Coverage program for 2019 and 2020 crops.
“The higher the prices, the more you look at ARC-County. The lower the prices, the more it’s going to favor PLC,” University of Illinois agriculture economist Gary Schnitkey said in a Farmdoc webinar.
Schnitkey and University of Illinois professor Jonathan Coppess explained a number of changes the 2018 farm bill made to the PLC and ARC-County programs and how they could affect farmers’ decision, but added that low commodity prices make the PLC program the most likely choice. A separate webinar exploring under what circumstances a farmer would consider using the ARC-Individual farm program will be held at a later date.