These are estimates based on the recently released NASS yield data and the current market-year price average. Remember, they are just estimates, as the final numbers for both yield and price for the 2024 commodity program are not finalized until October.
So, why did we write the article? First, the numbers show that there will be a wide range of potential payments due to the variability of weather in 2024, which impacted county yields (drought). We will be watching and revising these numbers as we go through this summer. In June, the RMA will release county yield data, which we will use to refine these numbers. Second, there are many counties which the NASS data is not available to use. Keep reminding your producers of the importance of completing the NASS surveys when they get them as it allows estimations like these to be made—adding valuable information for their management decisions.