Iowa farmers are due to re­ceive more than $42.7 million in Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC) payments for the 2018 crop year, according to the U.S. Department of Agriculture.

The Farm Service Agency began processing ARC and PLC payments last month for 2018 crops following the conclusion of the 2018-19 marketing year.

ARC-County payments were triggered in seven Iowa counties for corn and 19 counties for soybeans due to below average yields, primarily in north central Iowa, where crops suffered from flooding last year. Under the 2014 farm bill, ARC-CO...