Farm bill passes, farmers must make decisions

With President Barack Obama expected to sign the 2014 Farm Bill this afternoon, farmers have big decisions to make.

Farmers have two options to consider: price loss coverage (PLC) or average risk coverage (ARC). With a one-time irrevocable opportunity to choose a plan, farmers should closely examine farm enterprises, risks and management goals before making their decision, said Texas A&M AgriLife Extension Economist-Management Jason Johnson.

According to Southwest Farm Press, cotton farmers have the STAX option. The supplemental agriculture disaster assistance program for livestock is now permanent with the new legislation.