The next deadline for the Agricultural risk Coverage (ARC) or Price loss coverage (PLC) available through the 2014 farm bill may not be until Sept. 30, but it’s not too early to get the job done.
Under the 2014 farm bill, the Farm Service Agency is scheduled to begin making payments – if Price Loss Coverage or Agricultural Risk Coverage payments are triggered for the 2014 crops – after Oct. 1 of this year. Farmers have until Sept. 30 to enroll in either of those programs at FSA offices for the 2014 and 2015 crops.
Producers have been preparing for the new farm bill since shortly after it was signed by President Obama in February of 2014. The first activity under the new law for farmers not affected by disasters was the opportunity to reallocate crop acreage bases and update program yields.
Farmers attending a University of Arkansas Extension Service Farm Bill Webinar last week heard the latest update on farm bill signup. Farm Press editorial staff member Forrest Laws was at that meeting and filed this report.