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Meanwhile, producers who enrolled farms for the
2018 crop year have started receiving more than $1.5 billion for
covered commodities for which payments were triggered under such
programs.
ARC provides income support payments on historical base acres
when actual crop revenue declines below a specified guaranteed
level. PLC provides income support payments on historical base
acres when the effective price for a covered commodity falls
below its reference price. The 2018 Farm Bill reauthorized and
updated both programs.
Signup for the 2020 crop year closes June 30, 2020, while signup
for the 2019 crop year closes March 15, 2020. Producers who have
not yet enrolled for 2019 can enroll for both 2019 and 2020
during the same visit to an FSA county office.
ARC and PLC have options for the farm operator who is actively
farming the land as well as the owner of the land. Farm owners
also have a one-time opportunity to update PLC payment yields
beginning with crop year 2020. If the farm owner and producer
visit the FSA county office together, FSA can also update yield
information during that visit.
[USDA Farm Service Agency]
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