Agricultural producers can now make elections and enroll in the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs for the 2021 crop year. The signup period opened Tuesday, Oct. 13. These key U.S. Department of Agriculture (USDA) safety-net programs help producers weather fluctuations in either revenue or price for certain crops, and more than $5 billion in payments are in the process of going out to producers who signed up for the 2019 crop year.
“Although commodity prices are starting to show a glimmer of improvement, recent depressed prices and drops in revenue compounded by the effects of the pandemic have seriously impacted the bottom line for most agricultural operations,” said Richard Fordyce, Administrator of USDA’s Farm Service Agency (FSA). “Through safety-net programs like ARC and PLC, we can help producers mitigate these financial stressors and keep the ag industry moving forward. Make time over the next few months to evaluate your program elections and enroll for the 2021 crop year.”… Continue readingRead More »