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Expanded Farm Safety Net Payments Under the One Big Beautiful Bill Act.

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Τίτλος: Expanded Farm Safety Net Payments Under the One Big Beautiful Bill Act.
Συγγραφείς: Wongpiyabovorn, Oranuch1 (AUTHOR), Pongspikul, Tayatorn1 (AUTHOR) tkpongspikul@missouri.edu, Plastina, Alejandro1 (AUTHOR), Paudel, Anup2 (AUTHOR), Bhattarai, Chandan2 (AUTHOR), Ifft, Jennifer2 (AUTHOR)
Πηγή: Applied Economic Perspectives & Policy. Jul2026, p1. 12p. 2 Illustrations.
Θεματικοί όροι: *Agricultural subsidies, *Agricultural policy, One Big Beautiful Bill Act, Corn
Περίληψη: ABSTRACT The One Big Beautiful Bill Act (OBBBA) strengthens the agricultural risk coverage (ARC) and price loss coverage (PLC) programs by aligning program parameters more closely with recent market dynamics and allows for an expansion in program acres. This study projects the increases in ARC‐County and PLC payments for corn, soybeans, and wheat under OBBBA, compared with those under the 2018 Farm Bill. Total projected program payments would increase by $4.65 billion for crop year 2025 and $1.30–$2.13 billion for crop year 2026 (depending on the relative enrollment rates), with high regional heterogeneity.JEL Classification: Q14, Q18 [ABSTRACT FROM AUTHOR]
Copyright of Applied Economic Perspectives & Policy is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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  Data: Expanded Farm Safety Net Payments Under the One Big Beautiful Bill Act.
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  Data: *<searchLink fieldCode="DE" term="%22Agricultural+subsidies%22">Agricultural subsidies</searchLink><br />*<searchLink fieldCode="DE" term="%22Agricultural+policy%22">Agricultural policy</searchLink><br /><searchLink fieldCode="DE" term="%22One+Big+Beautiful+Bill+Act%22">One Big Beautiful Bill Act</searchLink><br /><searchLink fieldCode="DE" term="%22Corn%22">Corn</searchLink>
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  Data: ABSTRACT The One Big Beautiful Bill Act (OBBBA) strengthens the agricultural risk coverage (ARC) and price loss coverage (PLC) programs by aligning program parameters more closely with recent market dynamics and allows for an expansion in program acres. This study projects the increases in ARC‐County and PLC payments for corn, soybeans, and wheat under OBBBA, compared with those under the 2018 Farm Bill. Total projected program payments would increase by $4.65 billion for crop year 2025 and $1.30–$2.13 billion for crop year 2026 (depending on the relative enrollment rates), with high regional heterogeneity.<bold>JEL Classification:</bold> Q14, Q18 [ABSTRACT FROM AUTHOR]
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  Data: <i>Copyright of Applied Economic Perspectives & Policy is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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      – Type: doi
        Value: 10.1002/aepp.70120
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      – Code: eng
        Text: English
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      Pagination:
        PageCount: 12
        StartPage: 1
    Subjects:
      – SubjectFull: Agricultural subsidies
        Type: general
      – SubjectFull: Agricultural policy
        Type: general
      – SubjectFull: One Big Beautiful Bill Act
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      – SubjectFull: Corn
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      – TitleFull: Expanded Farm Safety Net Payments Under the One Big Beautiful Bill Act.
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            NameFull: Wongpiyabovorn, Oranuch
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            – D: 25
              M: 07
              Text: Jul2026
              Type: published
              Y: 2026
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