Farmdoc unveils PLC, ARC payment calculator

Following passage of the 2018 Farm Bill, the Price Loss Coverage and Agriculture Risk Coverage programs were changed slightly, prompting Schnitkey and Jonathan Coppess, director of the Gardner Agriculture Policy Program, to approach the National Center for Supercomputing Applications in Urbana, Ill....

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Bibliographic Details
Published inCorn and Soybean Digest
Main Author Keating, Austin
Format Journal Article Trade Publication Article
LanguageEnglish
Published Overland Park Penton Media, Inc., Penton Business Media, Inc. and their subsidiaries 11.10.2019
Informa
Subjects
Agricultural policy
Agricultural subsidies
Agriculture
Algorithms
Economists
Farmers
Farms
Internet software
Mathematical analysis
Payments
Software developers (Persons)
Supercomputers
Web portals
Web site management software
Online AccessGet full text
ISSN1544-1644

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Summary:Following passage of the 2018 Farm Bill, the Price Loss Coverage and Agriculture Risk Coverage programs were changed slightly, prompting Schnitkey and Jonathan Coppess, director of the Gardner Agriculture Policy Program, to approach the National Center for Supercomputing Applications in Urbana, Ill. Programmers at the center helped them create a secure web portal for users to create a free account and run 1,000 calculations to show the range of possible payment scenarios, which will help inform their decision to sign up for PLC or ARC during crop years 2019 to 2023. Coppess says future prices will always be subject to change, but by setting one of four potential reference price scenarios in the calculator, farmers will get a better idea of the range and likelihood of different payments.
ISSN:1544-1644