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Study looks at farm program 5-year moving average

Carl Zulauf, a professor in the Department of Agricultural, Environmental and Development Economics at The Ohio State University, has published a new analysis of the impact of using a 5-year moving average in farm income as the benchmark for farm program payments.

“The 5-year moving average does move lower over time to reflect lower prices, so it provides assistance only for a limited period of time," Zulauf concludes. "But, the size of this assistance can be notable, providing a meaningful cushion to make adjustments needed to survive over the long term.”