Agriculture Secretary Sonny Perdue announced on October 3, 2017, that payments totaling 9.6 billion will be paid to producers for crop loss through the Agriculture Risk Coverage (ARC) and the Price Loss Coverage (PLC) programs, and for conservation efforts through the Conservation Reserve Program (CRP). Over three quarters of a million producers will see payments under the ARC and PLC programs amounting to $8 billion payments for the 2016 crop year. Crops covered under this program include:
- Grain sorghum;
- Dry beans;
- Wheat; and
Payments will be made for other covered crops under these programs after the marketing year average prices are determined.
CRP payments total 1.6 billion to over 375,000 producers in 2017. This voluntary program focuses on taking environmentally sensitive lands out of production to protect those acres and improve water and habitat quality.
Both of these programs are designed to help farmers and ranchers in time of need and to protect and conserve sensitive land on the operations.
If you have any questions regarding these programs, please contact us. Read the full Press Release from the USDA.