Ken Ripley
๐ค SpeakerAppearances Over Time
Podcast Appearances
So it's going to be a lot like ECAP, where we got a payment per acre.
So all planted acres got the same payment, regardless of your APH.
That's what we're understanding it to be.
Some of the early indications I saw a report here from the folks at FarmDoc, University of Illinois, and they came out with some of their estimates of what they're going to be.
It's going to be interesting to see if the...
The real number versus what they estimate are close because they're predicting 46 on corn and 25 on soybeans.
Corn, that number's up from the ECAP payment.
Soybeans, that's down.
And I thought this soybeans was the big driver.
That was the whole thing, was that China wasn't buying soybeans, right?
Yeah, that was the big driver, the catalyst.
But I do know, let's say there was a $12 billion package, $11 billion for...
Similar crops that we had for the ECAP program and then a billion for specialty crops and sugar.
Because I know our sugar beet farmers did not have a good year in most parts of the country because of the influx of sugar to the state.
Well, it wasn't so much even that.
I mean, up in Minnesota, all of it got harvested.
But too much sugar was imported into the country, and the prices are terrible.
I mean, they're losing $500 to $800 an acre.
We think we have bad input costs on corn.
I mean, $1,500 is probably more average inputs on sugar beets.