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Your farm has 40 soybean base acres. You enrolled in PLC program with a 50 bu/ac payment yield, and the 2022 USDA national marketing year
Your farm has 40 soybean base acres. You enrolled in PLC program with a 50 bu/ac payment yield, and the 2022 USDA national marketing year average price is $10.50. If the Effective Reference prices of $3.70 for corn and $8.40 for soybeans, what is your Soybean 2022 PLC payment for the farm?
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Management Accounting
Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Rodney Dormer, Vijaya Murthy, Nick Pawsey
4th Edition
0730369382, 978-0730369387
