Farm Bill Tools
This decision tool provides a simple and intuitive way to compare annual ARC-CO and PLC payments for corn and soybean base acres across counties in Iowa.
The ISU Farm Bill Analyzer focuses on decisions at the single-farm level for corn and/or soybean producers in Iowa. PLC and ARC-CO payments and probabilities are not affected by the number of enrolled farms, while ARC-IC payments and probabilities might be. Using historical information and expectations about prices and yields, the ISU Farm Bill Analyzer calculates expected payments and probabilities associated with payments under all possible combinations of programs across crops.
Average Crop Revenue Election, or ACRE, is a new commodity program included in the Food, Conservation, and Energy Act of 2008. CARD researchers offer information and policy analysis about the ACRE program, and links to available ACRE calculators.
Ag Risk Tools
On a pilot basis CARD is posting daily basis maps for corn and soybeans. The purpose of this pilot project is to determine if farmer decisions about where to deliver corn and soybeans can be enhanced. We present maps showing both old crop basis and new crop basis. Old crop basis equals the current local cash price minus the nearby futures price on the Chicago Board of Trade. New crop basis equals the local forward price for future delivery less the new crop futures price on the Chicago Board of Trade. Local price data are obtained from DTN. We then employ a spatial smoothing algorithm to develop the maps.
CARD has removed its Loan Deficiency Payment (LDP) Web site because of the persistence of higher crop prices, forcing LDP rates to zero, and because of the existence of USDA Web sites that carry the same type of information. Please see the USDA-Farm Service Agency price support page for current LDP information.