Start Date

3-12-2014 12:00 AM

Description

The 2014 Farm Bill introduced several changes to the commodity programs available through the Farm Service Administration (FSA) and created a new insurance program to complement one commodity program through the Risk Management Agency (RMA).This article provides an overview of the new safety net available to Iowa crop farmers from 2014 to 2018, explains the timing of the decisions involved in selecting a farm program, and highlights the factors that affect program election through three numerical examples.

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Dec 3rd, 12:00 AM

New Farm Bill, new safety net

The 2014 Farm Bill introduced several changes to the commodity programs available through the Farm Service Administration (FSA) and created a new insurance program to complement one commodity program through the Risk Management Agency (RMA).This article provides an overview of the new safety net available to Iowa crop farmers from 2014 to 2018, explains the timing of the decisions involved in selecting a farm program, and highlights the factors that affect program election through three numerical examples.