IARN — Farmers have until March 15, 2021, to enroll in the Agriculture Risk Coverage (ARC), or Price Loss Coverage (PLC) programs for the 2021 crop year. The enrollment period opened this week for the risk management programs, known as ARC and PLC. The key Department of Agriculture safety-net programs help producers weather fluctuations in either revenue or price for certain crops. USDA says more than $5 billion in payments are in the process of going out to producers who signed up for the 2019 crop year.
ARC provides income support payments on historical base acres when actual crop revenue declines below a specified guaranteed level. PLC provides income support payments on historical base acres when the effective price for a covered commodity falls below its reference price. For more information on ARC and PLC, including two online decision tools that assist producers in making enrollment and election decisions specific to their operations, visit fsa.usda.gov, or contact your local USDA service center.
Story courtesy of the Iowa Agribusiness Radio Network.
