cents/lb. From the table, the PLC payment rate per lb per acre would be 1.52 cents. Suppose the farm has 90 acres of seed cotton base and a seed cotton payment yield of 2,160 lbs: SC PLC Payment = $0.0152 x 2,160 = $32.83 per acre of seed cotton base Total SC PLC Payment = $32.83 x 90 acres of base = $2,955 for the farm (FSN)

TABLE 2. 2018 PRICE LOSS (PLC) COVERAGE PAYMENT RATES BASED ON STATUTORY REFERENCE PRICES, 2018/19 MARKET YEAR AVERAGE (MYA) PRICES AND 2018 NATIONAL AVERAGE LOAN RATES January 31, 2020 1/ Reference price (column E)=statutory price levels apply for crop years 2014-2018.

In February, the Office of the Chief Economist of USDA published estimates of 2019 MYA prices in their World Agricultural Supply and Demand Estimates national prices to trigger PLC payments • Historical prices have given a relatively high county guarantee for ARC that may trigger payments if low yields or prices occur • Olympic average price is $2.55 for 2021 • PLC Reference Price = $2.40, USDA 2021 Projection = $2.70 • PLC unlikely to pay in 2021 for oats • Neither ARC nor PLC Payments in calendar year 2021 under the Agriculture Risk Coverage (ARC) program are expected to decrease $1.3 billion from 2020 levels while Price Loss Coverage (PLC) payments in 2021 are expected to increase $0.4 billion from 2020 levels. Under the 2018 Farm Bill, producers were able to change their program election (ARC or PLC) for their For 2021, choosing ARC or PLC is a process of elimination – eliminating PLC if market prices seem too far above the Farm Bill’s reference prices. USDA isn’t yet projecting 2021-22 marketing year cash price averages other than some dated baseline prices, but private analysts are. They have corn at $4.00 a bushel and soybeans at $10.25 a PLC reference prices are $3.70 for corn, $8.40 for soybeans, $5.50 for wheat, and $2.40 for oats. If a PLC payment is triggered, the payment is the farm’s PLC yield multiplied by the price loss multiplied by 85% of the farm’s base acres.

Marketing year for cottonseed is August 1, 2019 to February 28, 2020. Second, producers will now have the option to file an ARC/PLC acreage intention report on their acreage reporting date or if their acreage reporting date has already passed by March 15, 2019. The number of eligible acres on Farms with an intention of PLC will be the number of acres insured for SCO regardless of any actual elections made with FSA. The $3.60 MYA price is less than the $3.70 reference price, resulting in a payment. Since the $3.60 MYA price is above the $2.20 national loan rate, the per bushel payment rate equals $.10 ($3.70 effective reference price – $3.60 MYA price). The PLC payment per base acre equals .85 times the payment rate times the PLC yield. Tonya.boykin@wdc.usda.gov or (202) 720-8473. For all other emergency needs requiring “A” funds, contact Carl Muhlbauer at Carl.Muhlbauer@wdc.usda.gov or (202) 690-2141.

TABLE 2. 2018 PRICE LOSS (PLC) COVERAGE PAYMENT RATES BASED ON STATUTORY REFERENCE PRICES, 2018/19 MARKET YEAR AVERAGE (MYA) PRICES AND 2018 NATIONAL AVERAGE LOAN RATES January 31, 2020 1/ Reference price (column E)=statutory price levels apply for crop years 2014-2018.

Price Loss Coverage (PLC) PLC program payments are issued when the effective price of a covered commodity is less than the respective reference price for that commodity. The effective price equals the higher of the market year average price (MYA) or the national … TABLE 2. 2018 PRICE LOSS (PLC) COVERAGE PAYMENT RATES BASED ON STATUTORY REFERENCE PRICES, 2018/19 MARKET YEAR AVERAGE (MYA) PRICES AND 2018 NATIONAL AVERAGE LOAN RATES January 31, 2020 1/ Reference price (column E)=statutory price levels apply for crop years 2014-2018. 2021-02-05 2020-01-16 2018-08-01 Following USDA’s announcement of the Market Year Average (MYA) prices for rice on October 30, USA Rice has released an updated Price Loss Coverage (PLC) payment calculator for the 2017 rice crop.

TABLE 2. 2018 PRICE LOSS (PLC) COVERAGE PAYMENT RATES BASED ON STATUTORY REFERENCE PRICES, 2018/19 MARKET YEAR AVERAGE (MYA) PRICES AND 2018 NATIONAL AVERAGE LOAN RATES January 31, 2020 1/ Reference price (column E)=statutory price levels apply for crop years 2014-2018.

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2021-02-05 · PLC payments are expected to increase because of lower prices for seed cotton, rice, and barley compared with 2019. If triggered, ARC and PLC payments for crop year 2020 are received in calendar year 2021. 2018-08-01 · The effective price is the higher of the marketing year average price or the national average loan rate for the covered commodity, so the loan rate serves as a floor for effective prices. PLC reference prices are $5.50/bu for wheat, $4.95/bu for barley, $2.40/bu for oats, $0.2675/lb for peanuts, $3.70/bu for corn, $3.95/bu for sorghum, $8.40/bu for soybeans, $0.14/lb for long grain rice and $0.367/lb for seed cotton. Those yields are used to calculate payments you might receive through the Price Loss Coverage (PLC) program. Any higher yields will apply to 2020 crop years and beyond. “I see most of the PLC yield updates taking place this winter, not just before the deadline next September 30,” says Steve Johnson, Iowa State University farm management specialist.
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Price and Yield Expectations and the ARC-CO/PLC Choice. Given current benchmark prices for ARC-CO, PLC’s expected payments will increase relative to ARC-CO as the expectations of MYA prices declines, particularly if MYA price expectations (see Table 1). 2/ Seed cotton price is a weighted average of upland cotton and cottonseed prices. Marketing year for upland cotton is August 1, 2019 to July 31, 2020.

The number of eligible acres on Farms with an intention of PLC will be the number of acres insured for SCO regardless of any actual elections made with FSA. 2/ Seed cotton price is a weighted average of upland cotton and cottonseed prices. Marketing year for upland cotton is August 1, 2019 to July 31, 2020. Marketing year for cottonseed is August 1, 2019 to February 28, 2020.
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2018-10-03

Those prices are calculated by the National Agricultural Statistical Service (NASS), an agency of the U.S. Department of Agriculture, and enter into the calculation of 2019 PLC and ARC payments. In February, the Office of the Chief Economist of USDA published estimates of 2019 MYA prices in their World Agricultural Supply and Demand Estimates national prices to trigger PLC payments • Historical prices have given a relatively high county guarantee for ARC that may trigger payments if low yields or prices occur • Olympic average price is $2.55 for 2021 • PLC Reference Price = $2.40, USDA 2021 Projection = $2.70 • PLC unlikely to pay in 2021 for oats • Neither ARC nor PLC Payments in calendar year 2021 under the Agriculture Risk Coverage (ARC) program are expected to decrease $1.3 billion from 2020 levels while Price Loss Coverage (PLC) payments in 2021 are expected to increase $0.4 billion from 2020 levels. Under the 2018 Farm Bill, producers were able to change their program election (ARC or PLC) for their For 2021, choosing ARC or PLC is a process of elimination – eliminating PLC if market prices seem too far above the Farm Bill’s reference prices.

Following USDA’s announcement of the Market Year Average (MYA) prices for rice on October 30, USA Rice has released an updated Price Loss Coverage (PLC) payment calculator for the 2017 rice crop. Rice: 2017 PLC Payment Rates Announced Nov 1, 2018

Lower Commodity Prices. Corn and soybean prices have fallen dramatically since the beginning of March, as illustrated by the central Illinois cash prices shown in Figure 1. The $3.60 MYA price is less than the $3.70 reference price, resulting in a payment. Since the $3.60 MYA price is above the $2.20 national loan rate, the per bushel payment rate equals $.10 ($3.70 effective reference price – $3.60 MYA price). The PLC payment per base acre equals .85 times the payment rate times the PLC yield.

fsa.usda.gov/Assets/USDA-FSA-Public/usdafiles/arc-plc/2019/ Oct 10, 2016 OMAHA (DTN) -- The checks are in the mail.