The Farm Assistance and Revenue Mitigation (FARM) Act has been introduced to Congress. This Act would make large payments to many farmers. We have calculated some estimated amounts per acre that might result if the Act is passed.
First, let’s review the details of the Act:
The payment is for the 2024 crop.
There is a formula for the eight major crops as follows:
Wheat
Corn
Soybeans
Rice
Cotton
Sorghum
Barley
Oats
