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Farmers Can Now Enroll in Agriculture Risk Coverage and Price Loss Coverage Programs

Farmers Can Now Enroll in Agriculture Risk Coverage and Price Loss Coverage Programs

Photo: WNAX


Farmers can now change election and enroll in the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs for the 2023 crop year, two key safety net programs offered by the U-S Department of Agriculture.  Signup began Monday, and producers have until March 15, 2023 to enroll in these two programs.  Additionally, USDA’s Farm Service Agency has started issuing payments totaling more than $255 million to producers with 2021 crops that have triggered payments through ARC or PLC.  Producers can elect coverage and enroll in ARC-County (ARC-CO) or PLC, which protects the entire farm.  Although election changes for 2023 are optional, producers must enroll through a signed contract each year.  Also, if a producer has a multi-year contract on the farm and makes an election change for 2023, they must sign a new contract.  If producers do not submit their election by the March 15th, 2023 deadline, their election remains the same as their 2022 election of for crops on the farm.  Farm owners cannot enroll in either program unless they have a share interest in the farm.  Covered commodities include barley, canola, large and small chickpeas, corn, crambe, flaxseed, grain sorghum, lentils, mustard seed, oats, peanuts, dry peas, rapeseed, long grain rice, medium and short grain rice, safflower seed, seed cotton, sesame, soybeans, sunflower seed and wheat.

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