Significant changes in the new farm program will require farmers to consider the new options carefully before they commit to a program they will have to follow for the next five years.
They will certainly need to do their homework before going to sign up, says a Texas A&M AgriLife Extension Service economist.
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Speaking recently in Amarillo, Dr. Joe Outlaw, co-director of the Agricultural and Food Policy Center at Texas A&M University and an AgriLife Extension economist in College Station, said the new farm bill repeals direct payments, counter-cyclical payments and Average Crop Revenue Election, or ACRE. Producers now must choose between Agriculture Risk Coverage and Price Loss Coverage for their program crops.