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16
Sep
2020
Update: Price Loss Coverage (PLC) Payments
Author: Scott Stiles, Extension Economist

The USDA Farm Service Agency (FSA) provides monthly updates of projected Price Loss Coverage (PLC) payment rates for the 2019 and 2020 crop years. PLC payment rates can be found in column “I” in the file links below.

September projections for 2019 PLC payment rates: https://www.fsa.usda.gov/Assets/USDA-FSA-Public/usdafiles/arc-plc/2019/pdf/2019_PLC.pdf

Final 2019 PLC payment rates have been established for wheat, barley, oats and peanuts. The 2019 PLC payment rate for wheat is 92 cents/bu.; peanuts: 6.25 cents/lb.

Corn, sorghum and soybean PLC payment rates will be announced on or shortly after September 30th. Cotton and rice payment rates will be announced October 30th.

September projections for 2020 PLC payment rates: https://www.fsa.usda.gov/Assets/USDA-FSA-Public/usdafiles/arc-plc/2020/pdf/2020_PLC.pdf

As a reminder, for Agricultural Risk Coverage (ARC) and PLC payments a sequestration percentage will be applied to the payment rate.  In recent years the sequestration reduction has been in the range of 6.2 to 6.6 percent. 


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