Tuesday, January 20, 2015

Additional Farm Bill Info



Some Definitions:

Basic ARC and PLC Program Information (Continued)
E   Basic Summary Comparison of PLC, ARC-CO, and ARC-IC
The following table provides a basic comparison of PLC, ARC-CO, and ARC-IC.

PLC                                  ARC-CO                                    ARC-IC

Uses national MYA price plus the PLC yield established on the farm. Payments determined by
individual crop of covered commodity base acres. Payments made on 85 percent of base acres by crop base acreage. Production report not required.
May elect PLC or ARC-CO on the same farm on a covered commodity by covered commodity basis.

Uses MYA price plus county yield.
Payments determined by individual crop of covered commodity base acres. Payments made on
85 percent of base acres by crop base acreage. Production report not needed.
May elect ARC-CO or PLC on the same farm on a covered commodity by covered commodity basis.

Uses MYA price plus the producer’s yield from the farm.
Payments determined by all crops planted of covered commodities combined on the farm.
Payments made on 65 percent of total base acres.
Must report annual production of covered commodities.
Planted acres used to attribute base acres.  ARC-IC election applies to entire farm and all 21
covered commodities.

F   Deadlines
The following table lists some important deadlines.

Date                                                                 Event
2-CP                                           Acreage reporting date.
July 15, 2014                             Final date to report 2013 production for 2013 ACRE farms.
September 29, 2014                   Base acre reallocation and CC yield update signup begins.
February 27, 2015                      Base acre reallocation and CC yield update signup ends.
November 17, 2014                   ARC and PLC reallocation period begins.
March 31, 2015                          ARC and PLC reallocation period ends.
mid April 2015                          ARC and PLC enrollment begins for 2014 and 2015. June 1,
2015                                          ARC and PLC enrollment ends for 2014 and 2015.

June 1 of each ARCPLC program year 2016 through 2018.


















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