FARM Act Part II
The FARM Act is essentially part of the Continuing Resolution that will be passed this week to keep the "lights" on
The text of the Continuing Resolution was finally released yesterday, all 1,547 pages. As expected, there is economic assistance for farmers that essentially incorporates the FARM Act that we have previously posted on.
Here are the key details and the differences from the original FARM Act:
The same 8 crops are specifically identified (corn, wheat, soybeans, cotton, rice, peanuts, oats and barley).
You will be paid on total 2024 planted acres by crop plus 50% of prevent planted acres by crop.
You will receive a payment based on the GREATER of:
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