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 The programs, known as Agriculture Risk Coverage (ARC) and Price
Loss Coverage (PLC), are designed to protect against unexpected
drops in crop prices or revenues due to market downturns.
Producers in 102 Illinois counties have experienced a
significant drop in prices or revenues below the benchmark
established by the ARC or PLC program and thus, will receive
payments totaling $373 million. Payments related to barely,
corn, oats, grain sorghum, soybeans, wheat, canola and dry peas
made up much of those payments. Cash flow from these payments is
particularly helpful to farmers and ranchers in counties
impacted by natural disasters.
Payments by county for an eligible commodity can vary because
average county yields will differ.
Statewide, over 125,000 farms participated in ARC-County and
nearly 14,000 farms participated in PLC.
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More details on the price and yield information used
to calculate the financing assistance from the safety-net programs
is available on the FSA website at
www.fsa.usda. gov/arc-plc
and www.fsa.usda.gov/state.
Questions?
More details on the price and yield information used to calculate
the financing assistance from the safety-net programs is available
on the FSA website at www.fsa.usda.gov/arc-plc and www.fsa.usda.gov/il.
Please contact your local county FSA Office if you have any
questions regarding this message.
[USDA Farm Service Agency] |
