As the deadline for growers to decide which Farm Bill safety-net program to participate in, well-known attorney Tim Kelleher has an updated decision tool that should simplify the process for growers.
Kelleher created Decision Tool II based on grower meetings where they have already updated yields (everyone should do so if possible) and made a decision to reallocate base acres or not. Under the new decision tool, a grower can go to the first page, enter their yields, both past and estimated for future years, plus estimate future (2014-2018) prices. Further down the page growers can enter their worst-case scenarios for future yields and prices. Payments under all three programs are computed first on a grower’s best estimates and then under their worst-case scenarios on the Tab – “Summary”. Instructions for working through Decision II are included which you hopefully will find easy to follow.