USDA provides $1.8B to offset market fluctuations
Farmers can now make elections, enroll in Agriculture Risk Coverage and Price Loss Coverage programs
Last updated 11/17/2021 at 8:55am
From U.S. Department of Agriculture
WASHINGTON — The U.S. Department of Agriculture is in the process of issuing $1.8 billion in payments to agricultural producers who enrolled in the Agriculture Risk Coverage and Price Loss Coverage — ARC and PLC — programs for the 2020 crop year.
These payments provide critical support to help mitigate fluctuations in either revenue or prices for certain crops. These two USDA safety-net programs help producers of certain crops build back better after facing the impacts of COVID-19 and other challenges.
In addition, USDA’s Farm Service A...