ARC, PLC choices loom for farmers
Enrollment for the 2024 crop year due by March 15.
Effective reference prices for the farm bill’s Price Loss Coverage (PLC) program have increased for the first time, but university economists say payments remain unlikely for corn and soybeans even with lower prices expected this year.
An escalator included in the 2018 Farm Bill kicked in after several years of high crop prices, raising PLC reference prices to $4.01 per bushel for corn and $9.26 per bushel for soybeans. The previous reference ...
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