Ohio Agriculture Risk Coverage and Price Loss Coverage Payments for Program Year 2016

By Ben Brown and Chris Bruynis

As the calendar turned to October producers around Ohio and the country started to receive federal assistance in the form of commodity payments from the Farm Service Agency (FSA) in regards to yields and prices experienced in the 2016 cropping year and 2016/2017 marketing year respectively; that is if their county triggered payments. The Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) were two new programs created in the Agriculture Adjustment Act of 2014 (2014 farm bill), designed to project producers against shallow losses in revenue and price declines respectively with crop insurance designed to cover deeper losses experienced by floods or droughts. Considering both programs rely on Marketing Year Average (MYA) prices to calculate payment rates, the 2016 program year didn’t officially end until the marketing year was completed: September 1st 2017 for corn and soybeans and June 1st 2017 for wheat. After calculations by FSA in September, payments have started to arrive here in October. This report will look at the payment rates created by ARC-CO and PLC for corn, soybeans, and wheat in the 88 Ohio counties for the 2016 program year. Click here to read the story.

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