Farmers impacted by yield loss for the 2020-2021 marketing year will be receiving payments this month as part of the Agricultural Risk Coverage (ARC) program. Payments are being made now for crops harvested a year ago with the marketing year now over. Payments will be paid on 85% of the base acres for the commodities impacted and while the majority of the payments going out are for corn and soybean acres, 23 commodities are eligible for the program. Yield losses that qualify for payments needed to be deemed as “catastrophic”, according to Kansas State University Extension Agronomist Robin Reid. One such example, much of the corn payments in Iowa are directed to producers who were hit by the historic Aug. 10 derecho that flattened much of Iowa’s corn crop last summer. Read more on ARC and PLC payment examples here.