An ag economist says his risk management recommendations have not changed.
Paul Mitchell with the University of Wisconsin Madison tells Brownfield he still prefers the County Ag Risk Coverage plan because of where market prices are. “The 2024 marketing year average price is still $4.40, above the $4.01 price floor for corn and $11.20 for beans, well above the $9.26 price floor for soybeans in TLC. They’re closer, but ARC is still the better deal.”
Mitchell says last summer, there were record or near record yields even though it was a drought year, but the county ARC program is more likely to pay farmers with locally-heavy losses.
