Kansas State University has released a new trade off spreadsheet that compares potential crop insurance payments at the county level between the Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC) farm programs. K-State Ag Economist Robin Reid says the spreadsheet will help with the ARC versus PLC signup decision before the March 15 deadline. “What I’ve done with this spreadsheet is provide economics to what price scenario and county yield scenario would start kicking in.” The spreadsheet includes every state, county and crop in the United States in which the Risk Management Agency released data. “For example, Richland County in North Dakota has a 41 bushel normal county yield for soybeans, non-irrigated. At that yield level, we won’t see ARC county payments kick in until the marketing year price falls below $8.23. At that level, PLC payments will start kicking in.” Check out the spreadsheet.
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.