The PGA Tour is back with the Farmers Insurance Open this week. The event, being played at the Torrey Pines Municipal Golf Course (South Course) in San Diego, is scheduled to tee off on Wednesday, January 24. Despite being a non-signature event, the event features a stacked 156-player field competing for the $9,000,000 prize purse.The fourth event of the 2024 PGA Tour season features 22 of the top 50 in the Official World Golf Ranking among the top contenders. The Farmers Insurance Open field is headlined by World No. 5 Xander Schauffele, who is also the favorite.According to SportsLine, Schauffele comes into the San Diego event with 9-1 odds. Coming off the T3 finish last week, it’ll be interesting to see how the 30-year-old does at Torrey Pines.2024 Farmers Insurance Open oddsUnsurprisingly, the two top-ranked golfers at the Farmers Insurance Open are also the favorites. World No. 6 Patrick Cantlay follow Xander Schauffele on the odds list with 10-1 odds. Interestingly, defending champion Max Homa is the third on the favorites list. He also comes into the weekend with 10-1 odds.Homa is followed by Collin Morikawa (11-1), Ludvig Aberg (20-1), Sungjae Im (22-1), Min Woo Lee (22-1), Tony Finau (25-1), Jason Day (25-1), Keegan Bradley (33-1), Eric Cole (35-1) and Sahith Theegala (40-1). Interestingly, 2022 Farmers Insurance Open champion Luke List is also in the field. He is a longshot favorite with 80-1 odds.Notably, last week's American Express 2024 champion Nick Dunlap pulled out of the competition this weekend. The 20-year-old Amateur cited personal reasons behind his decision.Listed below are the top odds for the 2024 Farmers Insurance Open (As per SportsLine):Xander Schauffele +900Patrick Cantlay +1000Max Homa +1000Collin Morikawa +1100Ludvig Aberg +2000Sungjae Im +2200Min Woo Lee +2200Tony Finau +2500Jason Day +2500Keegan Bradley +3300Eric Cole +3500Sahith Theegala +4000Sepp Straka +4500Will Zalatoris +4500Hideki Matsuyama +4500Adrian Meronk +5000Harris English +5000Justin Rose +5000Nicolai Hojgaard +5500Shane Lowry +6000Daniel Berger +6500Beau Hossler +7500Luke List +8000Ryan Fox +8000Keith Mitchell +8000Stephan Jaeger +8000Patrick Rodgers +8000Billy Horschel +8000Akshay Bhatia +9000Adam Svensson +9000Taylor Pendrith +9000Christiaan Bezuidenhout +9000Taylor Montgomery +10000Aaron Rai +10000Ben Griffin +11000J.J. Spaun +11000Thomas Detry +11000Adam Schenk +11000Mackenzie Hughes +12000Ryo Hisatsune +12000Sam Ryder +12000Alex Smalley +12000K.H. Lee +12000Taylor Moore +12000Kevin Yu +12000Emiliano Grillo +12000Justin Suh +12000Davis Thompson +15000Tom Hoge +15000Matt Wallace +15000Chesson Hadley +15000Gary Woodland +15000Nicholas Lindheim +15000Matthieu Pavon +15000Michael Kim +15000More details on the 2024 Farmers Insurance Open, including prize money will be updated soon.