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Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 2/8/17
An on-going issue in U.S. crop policy is whether payments should be made on historical base acres, as generally done under recent U.S. farm bills, or on current planted acres. Sizable differences can occur between these measures of acres due to changes in cropping patterns, combined with Congressional and Executive decisions to allow farmers to choose whether they update base acres when such a choice is permitted. This article contains a short term comparison of payments made on base vs. planted acres within the context of the 2014 farm bill and 2014-16 crop years. For more of this story, click here.
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