Authors: Carl Zulauf, Seungki Lee, and David Marrison, Ohio State University
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2024 crop year payments for corn and soybeans are estimated for ARC-CO (Agriculture Risk Coverage – County version) using USDA, FSA (US Department of Agriculture, Farm Service Agency) final program parameters, US crop year price, and Ohio county yield.
Caveat: Even though final 2024 program data is used, the county payments in this report are estimates. Currently available data do not break out base acres enrolled in ARC-CO by irrigation –dryland designation while program parameters for some Ohio counties are broken out by this designation. We use dryland values since irrigation is limited in Ohio. Our estimates should be close to the actual values.
ARC-CO Ohio Payment Overview
- Appended Ohio maps present corn and soybean per base acre payment rate and total payment by county. Tables presents the combined corn and soybean payments by county.
- $85 million total Ohio corn payments
- $83 million total Ohio soybean payments
- $168 million combined payments
- $111 per base acre – highest per base acre payment for corn (Ross County irrigated)
- $71 per base acre – highest per base acre payment for soybeans (Mercer County)
- $9 million – highest total county payment for corn (Pickaway)
- $5 million – highest total county payment for soybeans (Mercer)
- $13 million – highest total county payment for corn plus soybeans (Pickaway)
- 34 Ohio counties with corn base had no ARC-CO payments.
- 20 Ohio counties with soybean base had no ARC-CO payments.
- 19 Ohio counties with corn and/or soybean base had no ARC-CO payments.
PLC (Price Loss Coverage), the other widely-used commodity program option, made no payments to corn and soybeans.
Payment Formulas (● = times):
ARC-CO payment rate per base acre = MAX [$0, or 86% times (county benchmark revenue – observed revenue)] ● 85% payment factor. County benchmark revenue = (5-year Olympic average (high and low value removed) of recent US crop year prices ● 5-year Olympic average of recent trend-adjusted county yields). Observed revenue = observed US crop year price ● observed county yield. ARC-CO payment rate is capped at 10% of county benchmark revenue.
PLC payment rate per base acre = MAX [$0, or (US effective reference price – US crop year price) ● FSA farm’s PLC base yield ● 85% payment factor.
Table 1: County-level Total ARC-CO Payments
|
Ohio |
Corn |
Soybean |
Corn & Soybean |
|
Ohio Total |
$85,113,352 |
$82,907,212 |
$168,020,564 |
|
Adams |
$1,953,648 |
$324,772 |
$2,278,420 |
|
Allen |
$252,599 |
$141,765 |
$394,364 |
|
Ashland |
$399,368 |
$766,948 |
$1,166,316 |
|
Ashtabula |
$0 |
$0 |
$0 |
|
Athens |
$30,400 |
$21,624 |
$52,024 |
|
Auglaize |
$1,366,519 |
$402,078 |
$1,768,597 |
|
Belmont |
$10,284 |
NA |
$10,284 |
|
Brown |
$3,126,417 |
$1,185,187 |
$4,311,604 |
|
Butler |
$0 |
$0 |
$0 |
|
Carroll |
$541,288 |
$112,885 |
$654,173 |
|
Champaign |
$1,187,042 |
$2,028,502 |
$3,215,544 |
|
Clark |
$1,158,728 |
$1,048,494 |
$2,207,222 |
|
Clermont |
$0 |
$683,633 |
$683,633 |
|
Clinton |
$2,900,900 |
$0 |
$2,900,900 |
|
Columbiana |
$0 |
$339,092 |
$339,092 |
|
Coshocton |
$0 |
$0 |
$0 |
|
Crawford |
$654,121 |
$386,480 |
$1,040,601 |
|
Cuyahoga |
NA |
$569 |
$569 |
|
Darke |
$0 |
$512,689 |
$512,689 |
|
Defiance |
$2,040,896 |
$2,989,371 |
$5,030,267 |
|
Delaware |
$0 |
$659,315 |
$659,315 |
|
Erie |
$0 |
$0 |
$0 |
|
Fairfield |
$4,218,282 |
$2,172,969 |
$6,391,251 |
|
Fayette |
$5,432,556 |
$4,982,296 |
$10,414,852 |
|
Franklin |
$957,432 |
$767,856 |
$1,725,288 |
|
Fulton |
$2,250,274 |
$1,970,911 |
$4,221,185 |
|
Gallia |
$287,475 |
$45,979 |
$333,454 |
|
Geauga |
$0 |
$0 |
$0 |
|
Greene |
$1,904,735 |
$264,520 |
$2,169,255 |
|
Guernsey |
$0 |
$0 |
$0 |
|
Hamilton |
$0 |
$0 |
$0 |
|
Hancock |
$542,236 |
$3,035,583 |
$3,577,819 |
|
Hardin |
$0 |
$0 |
$0 |
|
Harrison |
$262,870 |
$31,661 |
$294,531 |
|
Henry |
$0 |
$2,844,335 |
$2,844,335 |
|
Highland |
$6,860,180 |
$2,300,059 |
$9,160,239 |
|
Hocking |
$0 |
$69,489 |
$69,489 |
|
Holmes |
$0 |
$98,036 |
$98,036 |
|
Huron |
$121,307 |
$2,193,244 |
$2,314,551 |
|
Jackson |
$399,593 |
$34,150 |
$433,743 |
|
Jefferson |
$147,765 |
$8,414 |
$156,179 |
|
Knox |
$0 |
$0 |
$0 |
|
Lake |
$0 |
$0 |
$0 |
|
Lawrence |
$94,311 |
$26,654 |
$120,965 |
|
Licking |
$0 |
$0 |
$0 |
|
Logan |
$1,850,193 |
$3,538,123 |
$5,388,316 |
|
Lorain |
$0 |
$0 |
$0 |
|
Lucas |
$425,521 |
$989,267 |
$1,414,788 |
|
Madison |
$3,775,050 |
$3,646,972 |
$7,422,022 |
|
Mahoning |
$0 |
$320,334 |
$320,334 |
|
Marion |
$3,530,018 |
$2,878,031 |
$6,408,049 |
|
Medina |
$0 |
$231,935 |
$231,935 |
|
Meigs |
$298,321 |
$37,814 |
$336,135 |
|
Mercer |
$5,433,771 |
$5,293,772 |
$10,727,543 |
|
Miami |
$53,846 |
$262,342 |
$316,188 |
|
Monroe |
NA |
NA |
NA |
|
Montgomery |
$0 |
$0 |
$0 |
|
Morgan |
$189,834 |
$35,144 |
$224,978 |
|
Morrow |
$513,868 |
$322,816 |
$836,684 |
|
Muskingum |
$755,628 |
$182,953 |
$938,581 |
|
Noble |
NA |
NA |
NA |
|
Ottawa |
$1,271,837 |
$2,047,756 |
$3,319,593 |
|
Paulding |
$0 |
$2,300,111 |
$2,300,111 |
|
Perry |
$239,937 |
$363,609 |
$603,546 |
|
Pickaway |
$9,195,484 |
$4,263,636 |
$13,459,120 |
|
Pike |
$811,750 |
$253,947 |
$1,065,697 |
|
Portage |
$0 |
$0 |
$0 |
|
Preble |
$0 |
$0 |
$0 |
|
Putnam |
$491,833 |
$1,658,462 |
$2,150,295 |
|
Richland |
$305,490 |
$298,578 |
$604,068 |
|
Ross |
$4,208,672 |
$1,821,334 |
$6,030,006 |
|
Sandusky |
$0 |
$1,188,464 |
$1,188,464 |
|
Scioto |
$11,482 |
$541,776 |
$553,258 |
|
Seneca |
$416,890 |
$1,347,400 |
$1,764,290 |
|
Shelby |
$3,571,202 |
$2,150,447 |
$5,721,649 |
|
Stark |
$0 |
$0 |
$0 |
|
Summit |
$0 |
$0 |
$0 |
|
Trumbull |
$0 |
$20,559 |
$20,559 |
|
Tuscarawas |
$0 |
$236,206 |
$236,206 |
|
Union |
$4,327,797 |
$2,883,452 |
$7,211,249 |
|
Van Wert |
$936,018 |
$524,662 |
$1,460,680 |
|
Vinton |
$0 |
$0 |
$0 |
|
Warren |
$0 |
$51,288 |
$51,288 |
|
Washington |
$591,708 |
$154,944 |
$746,652 |
|
Wayne |
$0 |
$0 |
$0 |
|
Williams |
$871,015 |
$1,780,990 |
$2,652,005 |
|
Wood |
$0 |
$4,561,326 |
$4,561,326 |
|
Wyandot |
$1,934,961 |
$4,269,202 |
$6,204,163 |
Note: Counties with NA indicates that they do not have base acres available.