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SC MN | Congress included economic aid for farmers in the continuing resolution (CR), which keeps the government funded through March 14, 2025. The “Economic Loss Assistance Program” earmarks $10 billion in direct payments for farmers.
While USDA will make the final calculations, Farm CPA Paul Neiffer estimates per acre producer payments will be the following:
Corn: $43.80
Soybeans: $30.61
Wheat: $31.80
Cotton: $84.70
Rice: $71.37
Payment formula: Payments are calculated based on the difference between expected gross returns and production costs, with a 26% adjustment factor to stay within budget. For certain crops like barley, rice, and peanuts, a minimum payout ensures better support.
The House Ag Committee also released a chart outlining the estimated payment rates on a per acre basis for all crops, along with a fact sheet regarding details of the program.
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Government payment
