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Department of Agricultural Economics: Dissertations, Theses, and Student Research
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Government Program Decision Analysis In Nebraska At The Farm Level, Tatum R. Brunkow
Government Program Decision Analysis In Nebraska At The Farm Level, Tatum R. Brunkow
Department of Agricultural Economics: Dissertations, Theses, and Student Research
The one-year extension of the 2018 Farm Bill until September 30, 2024, has extended several government programs for the 2024 crop year including those in Title I: Commodities. This analysis looks at three different financial scenarios and analyzes five different alternatives for a case farm to select the optimal farm program decision for the operation by evaluating net farm income. Since 2021, eligible producers have been able to elect either Agriculture Risk Coverage (ARC) or Price Loss Coverage (PLC) for their operation on an annual basis. Support levels for these programs are trending close together making the election decision more …