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USDA Releases Details of ARC and PLC Programs
As reported in by POLITICO this afternoon, USDA has unveiled details of two key crop subsidies created in the 2014 farm bill — the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs.
“These new programs help ensure that risk can be effectively managed so that families don’t lose farms that have been passed down through generations because of events beyond their control,” said Secretary Tom Vilsack. “But unlike the old direct payment program, which paid farmers in good years and bad, these new initiatives are based on market forces and include county — and individual — coverage options. These reforms provide a much more rational approach to helping farmers manage risk.”
According to the writeup in POLITICO, ARC pays out when a farmer’s revenue falls below 86 percent of the five-year average of the local county, while PLC pays out when the average national price falls below levels set by Congress. But it’s more complex than that: There are two different versions of ARC, one based on county revenues and one based on individual revenues. Also, If a farmer chooses ARC, they are not eligible to sign up for the Supplemental Coverage Option, a separate farm bill provision that will help cover part of the a farmer’s crop insurance deductible.
Farmers can sign up for the options as early as Monday, and to aid in the decision making process between ARC and PLC, two consortia led by Texas A&M University and the University of Illinois have released online tools that break down both programs.
ASA Remarks on Dicamba Regulation, Comment Period Extended through Oct. 10
This week, ASA encourages soy growers to take a minute and submit comments on USDA-APHIS’s petition for deregulation of Monsanto’s dicamba-tolerant soybean and cotton varieties. Comments … Read More »
ASA Urges USACE to Implement WRRDA
During a webinar on Wednesday with the U.S. Army Corps of Engineers (USACE), ASA submitted comments regarding implementation of the Water Resources Reform & Development … Read More »
ASA Joins Solutions from the Land’s New North American Climate Smart Agriculture Initiative
ASA joined a number of agriculture groups at this week’s UN Climate Summit, signing on to play a leadership role in a new, three-year North … Read More »
President Obama Comments on Agriculture Commitments at UN Climate Summit
President Barack Obama spoke on taking the lead to combat climate change with commitments to agricultural issues at the United Nations Climate Summit in New … Read More »