Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 10/16/18


The Farm Service Agency (FSA) has released 2017 county yields, 2017 Market Year Average (MYA) prices have been determined, and FSA is in the process of making 2017 ARC-CO payments.  This article presents U.S. maps of 2017 ARC-CO payments for corn, soybeans, and wheat.  A table of Illinois payments also is given.  While 2017 ARC-CO payments are known, 2018 payments are not determined.  County yields for 2018 will not be known for some time and the 2018 market years for corn and soybeans are just beginning.   Still, it seems prudent to build low expectations for 2018 ARC-CO payments.

ARC-CO and Corn
ARC-CO makes a payment when county revenue falls below 86% of the county’s benchmark revenue.  Benchmark revenue is the benchmark yield times the benchmark price.  The benchmark yield is the Olympic average of the five previous yields for a county.

For the full report, click here.