Farms have been in the news lately, along with speculation about what the government will do to help farmers. The new year brought important updates for the agribusiness industry, including new laws, extended programs, and shifting market trends. It’s critical that you stay updated as things continue to evolve.
Farm Bill Extension
The 2018 Farm Bill, now extended until January 1, 2026, helps farmers with programs like Agriculture Risk Coverage (ARC), Price Loss Coverage (PLC), and crop insurance. This extension gives farmers stability and support as they deal with rising costs and unpredictable growing seasons.
Most program rules and payment rates stay the same, but PLC reference prices for key crops like corn, soybeans, and wheat have gone up slightly to match current market trends:
Corn: $4.26
Soybean: $9.66
Wheat: $5.56
American Relief Act of 2025
The American Relief Act (ARA) of 2025 includes a $10 billion federal aid package to help farmers cover financial losses from falling crop prices, while production costs stay high. This aid is separate from disaster relief funds included in the same legislation.
Payments from the ARA are expected to be sent out about 90 days after the law passes, around early March. The payments will be based on 100% planted and 50% prevented plant acres reported to the Farm Service Agency (FSA) in 2024. Payment caps are different from those in the Farm Bill, and the final rates will be approved by the Secretary of Agriculture.
Payments rates:
Corn: $42.51/ac
Soy: $29.50/ac
Wheat: $30.69/ac
Alfalfa/Hay: none
Double Crops: Unknown at this point
2025 Crop Projections
OSU’s College of Food, Agricultural, and Environmental Sciences (CFAES) has shared detailed projections for expected crop budgets in 2025. These charts show the cost and return for corn, soybeans, and wheat per acre. By looking at these projections, farmers and agribusiness professionals can get a better idea of what to expect in the new year.
If you have questions about these updates or need guidance on the latest changes in agribusiness, we’re here to help.
