# What’s next for farm programs? - High Plains Journal

> Agri-Pulse's Sara Wyant reports that the reconciliation bill raises PLC reference prices by 10% and 20% and adds up to 30 million base acres. It also raises the ARC maximum coverage to 90% of benchmark revenue with a 12% payment band. Terrain analysis suggests wheat growers could receive about 80 cents per bushel from ARC and 95 cents from PLC at current prices.

- Date: 2025-07-18 · published 2025-07-18T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/23747-what-s-next-for-farm-programs-high-plains-journal
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher reference prices and new base acres raise payments that keep acreage in production, which is bearish for corn, soybeans and wheat over time. The payments mainly start in 2026.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-06-19 | [After Mexican GM corn import ban, American farmers ask: What now? - High Plains Journal](https://feedsoft.ai/events/46586-after-mexican-gm-corn-import-ban-american-farmers-ask-what-now-high-plains.md) | -3.3% | -8.0% |
| CORN | 2025-08-14 | [High Yields, Poor Profits: Corn Farmers Search for New Demand to Drive Prices - AgWeb](https://feedsoft.ai/events/23357-high-yields-poor-profits-corn-farmers-search-for-new-demand-to-drive-prices.md) | +1.1% | +4.8% |
| CORN | 2018-07-24 | [USDA announces $12 billion in programs for farmers affected by trade war - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/64020-usda-announces-12-billion-in-programs-for-farmers-affected-by-trade-war-agweek.md) | +1.7% | +1.4% |
| CORN | 2024-05-22 | [Analysis: Farm program payments would more than double for southern crops \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/30239-analysis-farm-program-payments-would-more-than-double-for-southern-crops-agri.md) | +3.3% | +4.2% |
| CORN | 2025-07-09 | [Corn vs Soy: Argentina’s Farmers Weigh Taxes, Margins in Planting Plans](https://feedsoft.ai/events/13847-corn-vs-soy-argentina-s-farmers-weigh-taxes-margins-in-planting-plans.md) | -1.4% | -2.6% |
| SOY | 2018-07-24 | [USDA announces $12 billion in programs for farmers affected by trade war - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/64020-usda-announces-12-billion-in-programs-for-farmers-affected-by-trade-war-agweek.md) | +3.2% | +4.0% |
| SOY | 2023-07-26 | [What does China’s food security push mean for soybean prices? EJINSIGHT - ejinsight.com](https://feedsoft.ai/events/35026-what-does-china-s-food-security-push-mean-for-soybean-prices-ejinsight.md) | -4.5% | -10.8% |
| SOY | 2023-12-25 | [Processing Journal \| Rabobank Soybean Outlook](https://feedsoft.ai/events/32779-processing-journal-rabobank-soybean-outlook.md) | -2.0% | -4.6% |

## Sources

- hpj.com: https://hpj.com/2025/07/18/whats-next-for-farm-programs/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.