Agribusiness BlogFarm CPA Today

Only One Minnesota County to Get Soybean ARC Payment

In our previous post, we estimated that only two Iowa counties would get 2016 soybean ARC payments (to be paid this October).  This is due to the higher yields in that state.

In Minnesota, it now appears that only one county may get a 2016 soybean ARC payment.  We are estimating that Kittson County might get a $12.17 payment based on NASS yields.  All of the other counties reporting NASS yields indicate no payments.  It is likely that more countries will result in payments since many of the upper state counties did not have NASS yields.

As a comparison, for the 2014 crop, 57 counties had soybean ARC payments.  For the 2015 crop, 34 counties received soybean ARC payments.

For Illinois, in 2014 only 7 counties received soybean ARC payments.  For the 2015 crop year, this jumped to 90 counties receiving payments and for the 2016 crop year, we are projecting that 5 counties will receive soybean ARC payments as follows:

  • Alexander $48.67
  • DeWitt $10.18
  • Gallatin $.97
  • Pope $48.67
  • Pulaski $18.75

We will continue to provide this information on additional states in later blog posts

  • Principal
  • CliftonLarsonAllen
  • Yakima, Washington
  • 509-823-2920

Paul Neiffer is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers and agribusiness processors. Paul is a partner with CliftonLarsonAllen in Yakima, Washington, as well as a regular speaker at national conferences and contributor at agweb.com. Raised on a farm in central Washington, he has been immersed in the ag industry his entire life, including the last 30 years professionally. In fact, Paul drives combine each summer for his cousins and that is what he considers a vacation. Leave a comment for Paul. If you would like to leave a comment for Paul, follow the link above, however, please make sure to include your email address so that he can reply to your comment (your email address will not automatically show up).

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to Our Email List

* indicates required