The USDA has released two new decision tool to assist farmers in selecting ARC or PLC coverage. The first decision tool is led by Texas A&M and the University of Missouri. The second decision tool is from the University of Illinois.
The USDA also announced key dates farmers need to know as ARC and PLC are ushered in:
September 29, 2014 to February 27, 2015 — Land owners may visit their local FSA office to update yield history and/or reallocate base acres
November 17, 2014 to March 31, 2015 — Producers make a one-time election of either ARC or PLC for the 2014 to 2018 crop years
Mid-April 2015 through summer 2015 — Producers sign contracts for 2014 and 2015 crop year
October 2015 — Payments for 2014 crop year, if needed