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Producers Will Receive Maximum Farm Bill Payments for Wheat in 2017

WheatAll North Dakota wheat base acres enrolled in the Agricultural Risk Coverage – County (ARC-CO) program should receive the maximum allowed payment rate in late 2017 for the 2016 year.

The payment rate per base acre should range from $21.44 in Williams County to $42.21 in Traill County. Payments are applied to only 85 percent of base acres, therefore the effective rate averaged over all wheat base acres would range from $18.22 in Williams County to $35.88 in Traill County.

“The payments are not official because the 2016 national marketing year average wheat price and county average yields are not final,” says Andy Swenson, North Dakota State University Extension Service farm management specialist. “However, we are nine months into the marketing year with an estimated wheat price of $3.85 per bushel, and the National Agricultural Statistics Service has reported spring wheat yields for 36 of the 53 North Dakota counties.”

Unlike wheat, producers should not expect ARC-CO payments on corn and soybean base acres. Record yields of those crops will provide revenue in excess of the ARC-CO revenue guarantee in nearly every county.

Producers can use the 2016 ARC-PLC Calculator to estimate farm bill payments. To learn more about 2017 farm bill payments and read the full story visit NDSU Ag News.

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