Assessing Design of the FARM Ad Hoc Assistance Proposal

This article continues the assessment of the FARM (Farmer Assistance and Revenue Mitigation) Act of 2024 initiated in the November 4, 2024 farmdoc daily. FARM’s coverage of current estimated 2024 economic loss varies considerably by crop, potentially prompting the “fairness issue.” Moreover, commodity program payments will not be known until October 2025. This information hole increases the odds of miscompensation, providing another reason to move commodity program payments forward from the end of the marketing year (farmdoc daily, October 30, 2024).

Publication Details

Journal
AgEcon Search (University of Minnesota, USA)
Published
2025-01-01
DOI
https://doi.org/10.22004/ag.econ.358400
Primary Topic
Agricultural Economics and Policy
Type
article
Field-Weighted Citation Impact
0.00
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article

Assessing Design of the FARM Ad Hoc Assistance Proposal

AgEcon Search (University of Minnesota, USA)
Agricultural Economics and Policy
article

Assessing Design of the FARM Ad Hoc Assistance Proposal

article en

Abstract

This article continues the assessment of the FARM (Farmer Assistance and Revenue Mitigation) Act of 2024 initiated in the November 4, 2024 farmdoc daily. FARM’s coverage of current estimated 2024 economic loss varies considerably by crop, potentially prompting the “fairness issue.” Moreover, commodity program payments will not be known until October 2025. This information hole increases the odds of miscompensation, providing another reason to move commodity program payments forward from the end of the marketing year (farmdoc daily, October 30, 2024).

AgEcon Search (University of Minnesota, USA)
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Agricultural Economics and Policy
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Assessing Design of the FARM Ad Hoc Assistance Proposal · AgEcon Search (University of Minnesota, USA) (2025) | TGRS Research Map | TGRS