Agriculture Secretary Tom Vilsack announced that a one-time extension will be provided to producers for the new safety-net programs established by the 2014 Farm Bill, known as Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC). The final day to update yield history or reallocate base acres has been extended one additional month, from Feb. 27 until March 31. The final day for farm owners and producers to choose ARC or PLC coverage also remains March 31.
“This is an important decision for producers, because these programs provide financial protection against unexpected changes in the marketplace. Producers are working to make the best decision they can. And we’re working to ensure that they’ve got the time, the information, and the opportunities to have those final conversations, review their data, and to visit the Farm Service Agency to make those decisions,” said Vilsack.
If no changes are made to yield history or base acres by March 31, the farm’s current yield and base will be used. A program choice of ARC or PLC coverage also must be made by March 31 or there will be no 2014 payments for the farm and the farm will default to PLC coverage through the 2018 crop year.
“These are complex decisions, which is why we launched a strong education and outreach campaign back in September. Now we’re providing a one-time extension of an additional month so that every producer is fully prepared to enroll in this program,” said Vilsack.
Nationwide, more than 2.9 million educational postcards in English and Spanish have been sent to producers, and over 4,100 training sessions have been conducted on the new safety-net programs. The online tools, available here, allow producers to explore projections on how ARC or PLC coverage will affect their operation under possible future scenarios.
Covered commodities include barley, canola, large and small chickpeas, corn, crambe, flaxseed, grain sorghum, lentils, mustard seed, oats, peanuts, dry peas, rapeseed, long grain rice, medium grain rice (which includes short grain rice), safflower seed, sesame, soybeans, sunflower seed and wheat. Upland cotton is no longer a covered commodity.