If yields return to trend line in 2006, soybean production is likely to decline. However large beginning stocks could lead to record total supplies.

279

Declines outweigh government loan deficiency payments (LDP) and counter-cyclical payments (CCP).

215

While modest recovery in net returns is seen for wheat, that will not likely discourage further reduction in wheat acreage.

211

The Act cuts direct payments available to farmers before planting in 2007 from 50% to 22% of the total annual payment. This does not affect what producers will get in total, but does affect when they receive their payments.

156