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Serving: United States
closeup of ripe soybean pods Mindy Ward
SAFETY NET: USDA programs ARC and PLC help row crop farmers, such as those raising soybeans, manage risk.

Sign-ups open for USDA farm programs

Row crop farmers can enroll in Agriculture Risk Coverage and Price Loss Coverage for 2020.

Agricultural producers can enroll in two USDA safety net programs for the 2020 crop year — Agriculture Risk Coverage and Price Loss Coverage.

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. The 2018 Farm Bill reauthorized and updated both programs.

Producers who enrolled farms for the 2018 crop year have started receiving more than $1.5 billion for covered commodities for which payments were triggered under such programs.

Sign-up for the 2020 crop year closes June 30, while sign-up for the 2019 crop year closes March 15. Producers who have not yet enrolled for 2019 can enroll for both 2019 and 2020 during the same visit to a Farm Service Agency county office.

ARC and PLC have options for the farm operator who is actively farming the land. as well as the owner of the land. Farm owners also have a one-time opportunity to update PLC payment yields beginning with crop year 2020. If the farm owner and producer visit the FSA county office together, FSA also can update yield information during that visit.

Covered commodities include barley, canola, large and small chickpeas, corn, flaxseed, grain sorghum, lentils, mustard seed, oats, peanuts, dry peas, rapeseed, long grain rice, medium- and short-grain rice, safflower seed, seed cotton, sesame, soybeans, sunflower seed, and wheat.

Source: USDA, which is solely responsible for the information provided and is wholly owned by the source. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset.
TAGS: Farm Bill
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