Here are Price loss coverage and Agriculture risk coverage programs for 2021
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.
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. Enrollment for the 2021 crop year closes March 15.
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. 2021 Elections and Enrollment Producers can elect coverage and enroll in crop-by-crop ARC-County or PLC, or ARC-Individual for the entire farm, for the 2021 crop year. Although election changes for 2021 are optional, enrollment (signed contract) is required for each year of the program.
If a producer has a multi-year contract on the farm and makes an election change for 2021, it will be necessary to sign a new contract. If an election is not submitted by the deadline of March 15, the election defaults to the current election for crops on the farm from the prior crop year. For crop years 2022 and 2023, producers will have an opportunity to make new elections during those signups.