from the USDA
WASHINGTON – The U.S. Department of Agriculture (USDA) is announcing key dates for farm owners and producers to keep in mind regarding the new 2014 Farm Bill established programs, Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC). The new programs, designed to help producers better manage risk, usher in one of the most significant reforms to U.S. farm programs in decades.
“The ARC and PLC programs are a significant reform in the farm safety net,” said Farm Service Agency (FSA) Administrator Val Dolcini. “FSA wants to keep producers well informed on all steps in the process. We will continue our outreach efforts and maintain resources online to help them understand the new programs before they come in to make decisions for their operations.”
Dates associated with ARC and PLC that farm owners and producers need to know:
Sept. 29, 2014 to Feb. 27, 2015: Land owners may visit their local Farm Service Agency office to update yield history and/or reallocate base acres.
Nov. 17, 2014 to March 31, 2015: Producers make a one-time election of either ARC or PLC for the 2014 through 2018 crop years.
Mid-April 2015 through summer 2015: Producers sign contracts for 2014 and 2015 crop years.
October 2015: Payments for 2014 crop year, if needed.
USDA leaders will visit with producers across the country to share information and answer questions on the ARC and PLC programs.