The ARC/PLC Program provide financial protections to farmers from substantial drops in crop prices or revenues and are vital economic safety nets for most American farms.
Price Loss Coverage (PLC) provides assistance when prices are low. Agriculture Risk Coverage (ARC) provides assistance when transitioning from periods of high to low income.
Base acres on farms where all cropland has been totally planted to grass or pasture, including cropland that was idle or fallow, will be preserved.
All ARC and PLC payments are subject to an annual maximum per payment entity of $125,000. If activated, payments for the 2022 ARC and PLC will be made on October 1st, 2023.
Producers must annually enroll their respective share interest in covered commodities base acres. The programs enrollment period runs from October 17, 2022, to March 15, 2023.