Based on 2014 county corn yields released last week by the U.S. Department of Agriculture and current price projections, it is clear that Nebraska Panhandle base acres enrolled in ARC-CO for corn are likely to receive a commodity program payment for the 2014 crop.
Payments for ARC-CO are triggered when the average county revenue for a covered commodity is less than the county revenue guarantee for that commodity The county revenue guarantee is 86 percent of the county benchmark revenue. The county benchmark revenue for a crop is the five-year Olympic marketing year average (MYA) price multipli...
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