Prevented Plant Impacts on 2019 Illinois Grain Farms Incomes

In 2019, spring weather was very wet, and many farmers in Illinois had prevented plant (PP) acres. Compared to 2018 incomes, 2019 incomes declined more for those farms that had a larger proportion of their acres in PP. While some have suggested that PP payments may overcompensate farmers, the income results presented in a new paper from the Univeristy of Illinois do not support the contention. Todd Gleason has this discussion with ag economist Gary Schnitkey.

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