IEG Policy is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. Please do not redistribute without permission.

Printed By


Billions of Dollars in Corn Program Payments and 2014 Plantings Impact Could Also Have Farm Bill Implications

Those analysts scoring farm bill and farm program costs in the Congressional Budget Office and the Obama administration (USDA, OMB) have not yet revealed a major issue ahead – the billions of dollars in corn-related payments likely for the 2014 crop. The “baseline” projections must assume current policy – and that policy allows farmers to enter the Average Crop Revenue Election (ACRE) program. While few producers enrolled in that program via the 2008 Farm Bill and its one-year extension for 2013, that would not likely be the case if they are allowed to in 2014, what with low to very low prices expected for corn during the 2014 crop season. That means the budget baseline could or would show around $5 billion or so in ACRE-related payouts, depending on ACRE participation.



What to read next




Ask The Analyst

Please fill in the form below to send over your enquiry or check the Ask The Analyst Page to find out more about the service

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts