By Carl Zulauf, Ohio State University Ag Economist;
Gary Schnitkey, Krista Swanson,
Nick Paulson, University of Illinois Ag Economists
Farm bills, like most legislation, contain policy experiments. Usually they are small pilot programs or a variation on existing programs. Some experiments evolve into larger programs or become the standard program. A current farm bill experiment is the price of rice used in the PLC (Price Loss Coverage) and ARC (Agriculture Risk Coverage) programs.