
Don’t miss the deadline of March 15, 2024.
OSU Extension appreciates permission to cross-post this article written by Farm Doc and published on January 16, 2024.
First Look at PLC and ARC-CO for 2024
Payments from either PLC, and ARC-CO remain relatively unlikely for corn, soybeans, and wheat, even with lower prices expected for 2024. There is a higher likelihood of ARC-CO triggering payments on corn and soybean base acres given the higher benchmark prices compared with PLC’s effective reference prices. However, PLC may be attractive if an individual is concerned about corn and soybean prices falling below $3.75 and $9.00 per bushel, respectively. In addition, producers interested in using the Supplemental Coverage Option (SCO) insurance program will want to enroll in PLC.