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Farm Program Safety Net Options: ARC and PLC in 2023

With: Cathy Anderson, production and compliance programs chief, Nebraska Farm Service Agency; and Brad Lubben, extension policy specialist, UNL

Presented by the Center for Agricultural Profitability at the University of Nebraska

Nebraska USDA Farm Service Agency (FSA) is reminding producers that now is the time to make elections and enroll in the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs for the 2023 crop year. The signup period is open through March 15, 2023, and producers are encouraged to begin working with their USDA county Farm Service Agency (FSA) office now to complete the process.

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 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 2023 crop year. Although election changes for 2023 are optional, enrollment (signed contract) is required for 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 15th deadline if a 2023 election change is desired.

This webinar will cover these options for producers and explain the details of each election possibility.

*** By registering, you agree to be added to the Center for Agricultural Profitability email newsletter list. You may opt out at any time via unsubscribe links in each newsletter or emailing your request to cap@unl.edu. The emails are periodic offerings of information and notices of resources and events geared toward educating Nebraska agricultural producers. Contact information will not be shared with parties outside of the University of Nebraska.

Feb 7, 2023 12:00 PM in Central Time (US and Canada)