A one-time extension will be provided to producers for the new safety-net programs established by the 2014 farm bill, known as Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC).
The final day to update yield history or reallocate base acres has been extended one month, from Feb. 27 to March 31. The final day for farm owners and producers to choose ARC or PLC coverage also remains March 31.
“This is an important decision for producers, because these programs provide financial protection against unexpected changes in the marketplace,” Agriculture Secretary Tom Vilsack said. “Producers are working to make the best decision they can. And we’re working to ensure that they’ve got the time, the information and the opportunities to have those final conversations, review their data and to visit the Farm Service Agency to make those decisions.
If no changes are made to yield history or base acres by March 31, the farm’s current yield and base will be used. A program choice of ARC or PLC coverage also must be made by March 31, or there will be no 2014 payments for the farm and the farm will default to PLC coverage through the 2018 crop year.
To learn more, farmers can contact the Farm Service Agency county office.
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