5 Rs Model: Resources
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The election and enrollment period for the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs for the 2026 crop year will run from September 16 through December 11, 2026. In a typical year, ARC/PLC election and enrollment take place much earlier. For the 2026 crop year, however, the process was delayed as the…
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The One Big Beautiful Bill Act (OBBBA) has changed the way U.S. Department of Agriculture (USDA) payment limitations apply to different farm business structures. As discussed in my previous article, Limited Liability Companies (LLCs) that are not taxed as C corporations and S corporations may now qualify for payment limitation treatment similar to general partnerships.…
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Yangxuan Liu, University of Georgia; Michael R Langemeier, Purdue University The One Big Beautiful Bill Act (OBBBA) changes how U.S. Department of Agriculture (USDA) payment limitations apply to different farm business structures. On June 2, 2026, USDA released the final rule (link) explaining how this provision will be administered beginning with the 2026 program year.…