Work

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

Year: 2026

Type: article

Abstract: 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

Source: Applied Economic Perspectives and Policy

DOI: 10.1002/aepp.70120

Authors: Oranuch Wongpiyabovorn, Tayatorn Pongspikul, Alejandro Plastina, Anup Paudel, Chandan Bhattarai, Jennifer Ifft

Institutions: University of Missouri, Kansas State University

Language: English

Topic: Agricultural risk and resilience

Subfield: Soil Science

Field: Agricultural and Biological Sciences

Domain: Life Sciences

SDGs: Zero hunger, No poverty

Open Access status: hybrid

Estimated APC paid: $3,750