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Tonya.boykin@wdc.usda.gov or (202) 720-8473. For all other emergency needs requiring “A” funds, contact Carl Muhlbauer at Carl.Muhlbauer@wdc.usda.gov or (202) 690-2141. We will again need your cooperation in stretching our limited non-recoverable funding this year. 2019-10-15 · Agricultural producers now can enroll in the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs – two U.S. Department of Agriculture (USDA) safety net programs – for the 2020 crop year.

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For example, in Blue Earth County a 43 bushel average county yield in soybeans triggers an ARC-CO payment at the current USDA 2021 price estimate of $11.15 per bushel. The USDA Outlook forum predicted the marketing year average price to be $4.20 per bushel. If this prediction is correct, no payments would be available under the PLC program for 2021.

In contrast to PLC, ARC-CO may trigger payments even when MYA prices are above the reference price.
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The 2019 and 2020 effective reference prices are $3.70 per bushel for corn, $8.40 per bushel for soybeans, and $5.50 per bushel for wheat (See Table 1). Those prices are calculated by the National Agricultural Statistical Service (NASS), an agency of the U.S. Department of Agriculture, and enter into the calculation of 2019 PLC and ARC payments.

Special Reference to PLC Activities.
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The Agricultural Act of 2014 (aka 2014 Farm Bill) […] Second, producers will now have the option to file an ARC/PLC acreage intention report on their acreage reporting date or if their acreage reporting date has already passed by March 15, 2019. The number of eligible acres on Farms with an intention of PLC will be the number of acres insured for SCO regardless of any actual elections made with FSA. Se hela listan på ers.usda.gov 2020-04-20 · Cash price declines on corn and soybeans are documented in this article, along with potential reductions in 2019 MYA prices and the expected impact on 2019 PLC and ARC payments. Lower Commodity Prices. Corn and soybean prices have fallen dramatically since the beginning of March, as illustrated by the central Illinois cash prices shown in Figure 1. The $3.60 MYA price is less than the $3.70 reference price, resulting in a payment.

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PLC program provides income support payments on historical base acres when the price for a covered commodity falls below its effective reference price.” Agricultural producers who have not yet enrolled in the Agriculture Risk Coverage (ARC) or Price Loss Coverage (PLC) programs for 202] must do so by March 15.