The signup deadline for the federal Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs is just over a month away. There are some key differences between the two programs, and what’s right for your operation is partially a function of your confidence in the continued strength of the grain marketplace. While PLC is a good choice for farmers who feel they’ve got adequate crop insurance coverage in place and want to safeguard from a market price collapse, revenue-based ARC adds a yield component and can trigger a safety net payment if yields fall short (even if prices are good). A major variable to consider in selecting between ARC and PLC is the market price you expect for your grain, especially in a “high price environment” like today. Just make sure you don’t wait too long; officials encourage farmers to make sure they’re signed up ahead of the March 15 deadline, and that your selection accounts for the crop insurance protection you have in place. See more details and ways to find out which program is best for you.