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Some Modest PLC Payments Expected for Certain 2020 Crops

USDA’s Price Loss Coverage (PLC) program is a commodity support program that makes deficiency payments when the marketing year average price for a covered commodity falls below a statutory reference price. PLC payments are made on a farm’s historic average yields and 85% of commodity-specific base acres.

USDA’s most recent Projected 2020 PLC Payment Rates indicate that 13 of 23 covered commodities are projected to receive PLC support. However, USDA will continue to update these projections over the course of each commodities’ marketing year. Final marketing year average prices and PLC payment rates will be determined later this year for most of Arkansas’ major row crops.

More below:

https://arkansascrops.uada.edu/posts/crop-insurance/april-twenty-one-plc.aspx