06 Mar Government Payments To Farm Producers Forecast To Remain Steady In 2013
Wednesday, March 6th, 2013
Under current law as applied by USDA’s program agencies, Government payments directly paid to producers are expected to total $10.9 billion in 2013.
This payment level generally remains unchanged from 2012.
Direct payments under the Direct and Countercyclical Program (DCP) and the Average Crop Revenue Election Program (ACRE) are forecast at $4.94 billion for 2013.
Strong crop prices in 2013 are expected to result in price-based commodity program payments of about $15 million for the year.
These payments reflect final 2011-crop ACRE payments for rice and 2012-crop ACRE payments for other commodities.
This chart is found in the 2013 Farm Sector Income Forecast topic page (updated February 11, 2013).