Agricultural Risk Coverage and Price Loss Coverage for the 2021 Crop Year

by: Mary Griffith, Chris Zoller, Hallie Williams, OSU Extension Educators

Enrollment for the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs for the 2021 crop year opened in October, with the deadline to enroll and make amendments to program elections on March 15, 2021. This signup is for potential payments for the 2021 crop.

If changes are not made by the March 15th deadline, the selection defaults to the programs selected for the 2020 crop year with no penalty. While it is optional to make changes to program elections, producers are required to enroll (sign a contract) each year to be eligible to receive payments. So, even if you do not change your program elections, you will still need to make an appointment at the Farm Service Agency to sign off on enrollment for the 2021 crop year by that March 15th deadline.

Producers have the option to enroll covered commodities in either ARC-County, ARC-Individual, or PLC. Program elections are made on a crop-by-crop basis unless selecting ARC-Individual where all crops under that FSA Farm Number fall under that program. These are the same program options that were available to producers during the 2019 and 2020 crop years. In some cases, producers may want to amend program election to better manage the potential risks facing their farms during the 2021 crop year. Continue reading

Farm Bill Reminders and Deadlines

Two Quick reminders and deadlines:

  • Producers who wish to update their FSA farm yield have until September 30, 2020, to do so. A tool to determine if a producer might want to update their PLC yields is available at https://aede.osu.edu/research/osu-farm-management/2018-farm-bill/arcplc-decision-aid-tools
  • Enrollment and Election for the 2021 program year will start October 1, 2020, and end March 15, 2021. OSU Decision aides will be updated once we have annual trend yield values for historical ARC-CO yields matching the program year 2021.

From the Farm Management Front – Update on County Yield Estimates for 2019 ARC/PLC Programs

On the dark art of software estimation | TechCrunchFrom Sarah Noggle with additional information from Ben Brown.

Sarah’s information: Yes, you read that correctly, 2019 estimates. As many of you know and are understanding the 2018 Farm Bill program through USDA (yes – it’s confusing sometimes when you are working with it daily), one will remember that payments will be made the calendar year after the program selection in late October. 

I have had a few requests and asks about what will my 2019 Farm Bill payments look like if I choose ARC-CO or PLC for Paulding County.  While this information will officially come from the FSA office later in the calendar year in 2020 (usually in October), I have attached some information on the ESTIMATES. Remember these payments are made on your BASE acres, not on the acres you planted in 2019. 

  • Paulding County – ARC-CO Wheat Base Acres $33.38
  • Paulding County – ARC-CO Corn Base Acres $0
  • Paulding County – ARC-CO Soybean Base Acres $0
  • Paulding County PLC Wheat Base Acres $36.66
  • Paulding County PLC Corn Base Acres $11.22
  • Paulding County PLC Soybean Base Acres $0

 Also, remember due to 2019 prevent plant acres in Paulding County and the surrounding counties, some producers choose the ARC-IC program.  The ARC-IC payments will be made comparing your own farm-level data and requires you to submit extra information to the FSA office. Ben Brown has created the estimates for corn, soybean, and wheat base acres for all the counties across the state.  His information will allow producers to have an idea of autumn working capital, debt repayment, and information to purchase inputs with an early season discount.  Continue reading