@article{Turner:341314,
      recid = {341314},
      author = {Turner, Dylan },
      title = {Participation, Payouts in Two USDA Risk Management  Programs Vary Widely Based on Market Outcomes},
      journal = {Amber Waves:The Economics of Food, Farming, Natural  Resources, and Rural America},
      address = {2024-04-03},
      number = {1490-2024-1598},
      month = {Apr},
      year = {2024},
      abstract = {The 2014 Farm Bill introduced several commodity support  programs, including the Agriculture Risk Coverage (ARC) and  Price Loss Coverage (PLC) programs. PLC compensates farmers  when prices fall below established levels, and ARC provides  income support to mitigate revenue risk. Payment  calculations for ARC and PLC are based on commodity  specific price thresholds, various measures of yields, and  national average prices. The 2018 Farm Bill enabled farmers  to choose one program or the other on a more frequent  basis, causing the balance of participation between ARC and  PLC programs to shift widely from year to year. As with  program participation, payouts to farmers—which are tied to  market outcomes—vary widely in any year.},
      url = {http://ageconsearch.umn.edu/record/341314},
      doi = {https://doi.org/10.22004/ag.econ.341314},
}