June 12, 2024

ARC, PLC deadlines near

SPRINGFIELD, Ill. — Agricultural producers who have not yet enrolled in the Agriculture Risk Coverage or Price Loss Coverage programs for the 2024 crop year have until March 15 to revise elections and sign contracts.

Both safety net programs, delivered by the U.S. Department of Agriculture’s Farm Service Agency, provide vital income support to farmers who experience substantial declines in crop prices or revenues for the 2024 crop year.

In Illinois, producers have completed 104,564 contracts to date, representing 59% of the more than 177,000 expected contracts.

“Agriculture Risk Coverage or Price Loss Coverage programs provide excellent risk protection, for market declines, at no cost to the producer. While we always hope for strong markets, anyone involved in production agriculture knows, the only thing certain is uncertainty,” said Scott Halpin, Illinois FSA state executive director.

“Many producers may be holding off on making your program elections pending planting decisions or maybe you’re working with a local adviser to consider how changes in the effective reference price might impact your election decisions. Please contact your local FSA county office as soon as possible to set an appointment, so you’re on the books well in advance of the March 15 deadline.”

Producers can elect coverage and enroll in ARC-County or PLC, which provide crop-by-crop protection, or ARC-Individual, which protects the entire farm.

Although election changes for 2024 are optional, producers must enroll, with a signed contract, each year. If a producer has a multiyear contract on the farm, the contract will continue for 2024 unless an election change is made.

If producers do not submit their election revision by the March 15 deadline, the election remains the same as their 2023 election for eligible commodities on the farm.

Also, producers who do not complete enrollment and sign their contract by the deadline will not be enrolled in ARC or PLC for the 2024 year and will not receive a payment if one is triggered. Farm owners can only enroll in these programs if they have a share interest in the commodity.

Producers are eligible to enroll farms with base acres for the following commodities: 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.

Web-Based Tools

Many universities — such as the University of Illinois at https://farmdoc.illinois.edu — offer web-based decision tools to help producers make informed, educated decisions using crop data specific to their respective farming operations.

Producers are encouraged to use the tool of their choice to support their ARC and PLC elections.

Crop Insurance Considerations

Producers are reminded that enrolling in ARC or PLC programs can impact eligibility for some crop insurance products offered by USDA’s Risk Management Agency.

Producers who elect and enroll in PLC also have the option of purchasing Supplemental Coverage Option through their approved insurance provider, but producers of covered commodities who elect ARC are ineligible for SCO on their planted acres.

Unlike SCO, RMA’s Enhanced Coverage Option is unaffected by participating in ARC for the same crop, on the same acres. You may elect ECO regardless of your farm program election.

Upland cotton farmers who choose to enroll seed cotton base acres in ARC or PLC are ineligible for the stacked income protection plan, or STAX, on their planted cotton acres.

For more information on ARC and PLC, producers can visit the ARC and PLC webpage at http://tinyurl.com/2ch3cyz4 or contact their local USDA Service Center.

Producers can also prepare maps for acreage reporting, as well as manage farm loans and view other farm records data and customer information by logging into their farmers.gov account.

AgriNews Staff

AgriNews Staff

The Illinois AgriNews and Indiana AgriNews staff is in the field each week, covering topics that affect local farm families and their businesses. We give readers information they can’t get elsewhere to help them make better farming decisions.