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2014 Farm Bill: Historical Likelihood of County ARC and SCO Payments for Corn in Illinois

Summary

The 2014 Farm Bill created new commodity and crop insurance programs, allowing producers more flexibility in how they create a risk management portfolio. The new commodity title includes both price-based (Price Loss Coverage) and revenue-based (Ag Risk Coverage) program options. The Supplemental Coverage Option is a new insurance program which provides coverage for a portion of the producer's crop insurance deductible.