Webb16 feb. 2024 · The odds of receiving either a PLC or ARC-CO payment for 2024 are not very high. The 2024 benchmark price for corn is $3.70 per bushel, which is the same as the 2024 PLC reference price. PLC payments begin at a final MYA price below $3.70 per bushel, while potential 2024 ARC-CO payments are dependent on final 2024 county … WebbYour farm program decision – Price Loss Coverage (PLC) vs. Agriculture Risk Coverage (ARC)-County vs. ARC-Individual – is yearly now. Initially, ARC-CO was the overwhelming choice, but given changes in prices and other factors, producers have flexed heavily to PLC more recently when it seemed advantageous. Watch video to learn more. Play
Farmers Should Make ARC-PLC Election Decisions by March 15
WebbFor 2024, current prices for corn, soybeans, and wheat suggest that PLC will not make payments, and few counties will receive ARC-CO payments. All information needed to … Webb28 jan. 2024 · There is a $125,000 annual limit per payment entity on all ARC and PLC payments. If triggered, 2024 ARC and PLC payments will be made on October 1, 2024. ARC vs PLC Specifics For the ARC option: Producers selecting the ARC option will have to decide between county or individual (whole-farm) level revenue protection. packers and movers in gurugram
Farm Service Agency Agriculture Risk Coverage (ARC)
Webb28 feb. 2024 · For 2024, combined program payments are estimated at $280 million (based on the elections and production of 2024 crops). For context, ARC and PLC … Webb23 jan. 2024 · Most farmers that grow corn, soybeans or other major crops will be making their decision between Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC). … Webb19 jan. 2024 · By Pro Farmer Editors January 19, 2024 Farmers should not count on an Ag Risk Coverage (ARC) or Price Loss Coverage (PLC) payment for the 2024-crop marketing year, according to University... jersey road post office