Past and Future of Farm Bill Payments
Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University
In the summer of 2015, producers were allowed to elect their farms into one of the two new commodity programs introduced by the 2014 Farm Bill: Price Loss Coverage (PLC) or Agricultural Risk Coverage (ARC). The coverage of the latter program is offered at the county level (ARC-CO), and at the individual farm level (ARC-IC). Less than one percent of all US base acres are enrolled in ARC-IC. Each spring, farmers who want to participate in the elected commodity programs must enroll their farms, but cannot modify the program election decisions made in 2015. So far, farmers were able to enroll twice in ARC/PLC programs: in 2015 for the 2014/15 and the 2015/16 marketing years, and in 2016 for the 2016/17 marketing year.
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Persistent link: https://EconPapers.repec.org/RePEc:ias:cpaper:apr-winter-2017-1
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