It’s that time of year when farmers are making their selections for which program they are going to use to keep their operations protected for the 2023 growing season. The Agriculture Risk Coverage (ARC) and the Price Loss Coverage (PLC) programs are the two key safety net programs we use under the Farm Bill. Farmers have to make sure they are choosing the program that gives them the best edge.
But what is the difference between them, and which one should you choose?
Dr. Paul Mitchell is a cropping system extension specialist. And he talks about the differences that are in each program.
When selecting your coverage, you need to do your homework and look at which can benefit your operation. Dr. Mitchell says that, generally, the programs seem to have more distinction in their regional appeal.
With strong commodity prices, the decision isn’t a difficult one to make in 2023.
Just because the market prices are strong, does not mean you should work without a net.
The deadline to sign up for ARC or PLC is March 15th.
ARC or PLC? | Iowa Agribusiness Network – Iowa Agribusiness Network
