The Nebraska USDA Farm Service Agency reminds producers to make elections and enroll in the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs for the upcoming crop year.
The signup period is open through March 15.
A workshop in North Platte is scheduled for 1-4 p.m. on Feb. 21, at the West Central Research, Extension and Education Center, 402 W. State Farm Road. The workshop is hosted by the University of Nebraska-Lincoln’s Center for Agricultural Profitability (CAP) and Nebraska Farm Service Agency.
Producers can learn about the ARC and PLC options,
ARC and PLC are USDA safety-net programs that help producers survive fluctuations in revenue or price for certain crops.
“Safety-net programs like ARC and PLC are designed to help producers mitigate some of the financial stressors associated with crop production, Nebraska FSA Acting State Executive Director Tim Divis said. “I encourage farmers to evaluate their program elections and enroll for the 2024 crop year.”
Nebraska Extension policy specialist Brad Lubben said changes in commodity crop prices during the past several years may influence producers’ ARC/PLC decision-making in 2024.
“With the one-year extension of the 2018 Farm Bill, producers face a familiar choice between ARC and PLC for 2024, but under different circumstances compared to the past several years,” said Lubben. “Understanding the program mechanics and analysis will help producers make sound enrollment decisions with FSA.”
ARC provides income support payments on historical base acres when actual crop revenue declines below a specified guaranteed level. PLC provides income support payments on historical base acres when the effective price for a covered commodity falls below its effective reference price. Producers can elect coverage and enroll in ARC-County or PLC on a crop-by-crop basis, or ARC-Individual for the entire farm, for the 2024 crop year.
Although changes for 2024 are optional, enrollment and a signed contract are required in each year of the program. If a producer has a multi-year contract on the farm, it will be necessary to sign a new contract for the farm by the March 15 deadline, if a 2024 election change is desired.
If an election is not submitted by the deadline of March 15, the election defaults to the current election for crops on the farm from the prior crop year.
All program participants are encouraged to review their previous program elections, Divis said.
The meetings, which will be held around the state, are free and open to the public. More information and a schedule are available on the Center for Agricultural Profitability’s website, https://cap.unl.edu/farmbill.
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