USDA is in the process of issuing payments to farmers enrolled in the Agriculture Risk Coverage and Price Loss Coverage programs for the 2020 crop year. A total of $1.8 billion will be going out to offset unstable markets. For PLC, payments have been triggered for barley, canola, dry beans, and wheat. ARC payments are based on average country yields and the average price for the marketing year. In addition, farmers are being asked to make or change elections and to enroll in ARC or PLC for 2022. That enrollment period continues through mid-March.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.