LINCOLN – Until March 15, 2021, agricultural producers can make elections and enroll in the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs for the 2021 crop year. Producers are encouraged to start working with their U.S. Department of Agriculture (USDA) county Farm Service Agency (FSA) office to complete the process.
These USDA safety-net programs help producers through fluctuations in revenue or price for certain crops. ARC and PLC payments for the 2019 production season were paid out this past fall, while payments for the 2020 production season will be paid out in the fall of 2021.
A University of Nebraska-Lincoln webinar will dive into details regarding the ARC and PLC programs. The webinar will take place on Thursday, December 17, at 12 p.m. CT. Furthermore, the economics of these programs will be broken down and there will be an Ag Policy Update. To register for the webinar, visit this link.
ARC provides income support on historical base acres when actual crop revenue drops below a specified guaranteed level. PLC gives support payments on historical base acres when the effective price for a covered commodity falls below its reference price.
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.
Election changes for 2021 are optional. If an election is not submitted by the deadline of March 15, 2021, the election defaults to the prior year. Enrollment is required for each year of the program.
All participants are encouraged to review their previous program elections. Producers will have the opportunity to make new elections for the 2022 and 2023 crop years. Farm owners cannot enroll in these programs unless they have a share interest in the farm.
In partnership with USDA, the University of Illinois and Texas A&M University provide web-based services to allow farmers to make educated decisions using data specific to their farms.
The Gardner-farmdoc Payment Calculator is the University of Illinois tool that offer farmers the ability to run payment estimations for their farms and counties for ARC-County and PLC. The ARC and PLC Decision Tool from Texas A&M gives producers the opportunity to analyze payment yield updates and expected payments for 2021. Those who have used this tool in the past should see much of their farm data already in the system.
For more information on ARC and PLC, visit the ARC and PLC webpage. Also, questions can be answered by calling the Nebraska FSA Office at 402-437-5581.