ARC or PLC for the 2021 Crop? Here’s Help Deciding

Many farmers have faced tough decisions in recent years in determining which of the federal programs will provide better coverage, Agricultural Risk Coverage (ARC) or Price Loss Coverage (PLC). Farmers have until March 15 to choose a program, and previous selections won’t be continued into the 2021 crop year if changes aren’t made. Price and yield uncertainty make it a tough choice this year, economists say; the vast majority of U.S. corn acres were enrolled in PLC and most soybean acres were in ARC at the county level in both 2019 and 2020. A new tool can help calculate payments under both programs, which economists say both offer good coverage, though it’s worth considering changes for the 2021 crop year. Learn more and crunch the numbers for your farm.