The enrollment period for Price Loss Coverage (PLC) and Agricultural Risk Coverage (ARC) is now open through March 15th. The University of Arkansas economists have made available decision making tools and additional resources for advising farmers on risk management programs. PLC and ARC are primary commodity title risk management programs under the farm bill that provides protection against low prices or declines in revenue.
For the 2020 crop year, USDA recently announced it has issued $1.8 billion in ARC and PLC payments to farmers to offset market fluctuations. The 2020 amount was much lower than the $6.2 billion from the 2019 crop year, as a result of improvements to commodity prices.
More Below:
https://www.fsa.usda.gov/programs-and-services/arcplc_program/index