Farmers Can NOW Enroll and Change their Acreage Election for the 2023 Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC).

In a recent blog post from Progressive Farmer powered by DTN it was announced that Farmers can now enroll and change their acreage Election for the 2023 2023 Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC). Signup began in Mid-October and will continue until March 15, 2023.

The full blog post link is below; however, we have listed the high points here for our Farming Community:

  • USDA stated the department has started issuing payments for the 2021-22 crops. Payments were triggered for about $255 million through ARC or PLC.
  • The final marketing year price for 2021-22 corn was $6 a bushel and soybeans came in at $13.30. Both were well above the PLC reference prices.
  • ARC payments could have been generated for some counties that came in with low yields. For instance, some ARC payments were generated in Colorado counties because of low yields for wheat and corn. Montana oats, wheat, barley, chickpeas, mustard seeds, and other crops generated ARC-County payments as well.