Spending Impacts of PLC and ARC-CO in House Agriculture Reconciliation Bill

From farmdocdaily

The House Reconciliation Bill includes changes to statutory reference prices used to trigger payments from the Price Loss Coverage (PLC) program, as well as changes to Agricultural Risk Coverage (see farmdoc daily, May 14, 2025). We evaluate how these changes will impact Federal outlays of the six largest program crops, finding that the proposed changes, if enacted, will increase spending by $29.873 billion from 2025 to 2035. Proportional increases are larger for rice, peanuts, and cotton than for corn, soybeans, and wheat. Read the rest of the article here.