Texas Farm BureauAs input prices continue to rise and commodity prices decline, farmers rely on the reference prices in the farm safety net to help stay in business when margins get squeezed.“Reference prices play an essential role in the ARC and PLC programs, which, along with crop insurance and other programs, make up the farm safety net,” Betty Resnick, American Farm Bureau Federation economist, said. “The safety net’s goal is to keep farms in business during periods of low farm income, as our farmers play such an important role in both our country and the world’s food security.”The reference prices ...