Later this year, you have a big decision to make. The 2018 farm bill allows farmers to reassess their selections for the Agriculture Risk Coverage (ARC) and the Price Loss Coverage (PLC) programs. You can make a new selection after Sept. 1 for the 2019 and 2020 growing seasons. Some changes to the programs and the current rally in grain prices present producers a challenge in determining the best fit for them. “For a quick rule of thumb, I recommend looking at if current prices for the crop are below the reference prices,” explains Scott Gerlt, crop analyst at the University of Missouri Food and Agriculture Policy Research Institute. “If they’re below the reference prices, PLC is probably going to be more attractive. If it’s above the reference price, ARC is going to look more attractive.”
South Dakota Ag Law - Should You Choose ARC or PLC?
About Swier Law Firm's Agricultural Law Practice Group
Swier Law Firm's Agricultural Law Practice Group handles the following types of agricultural law issues:
- Crop Insurance Disputes
- Business Planning
- Clean Air Act
- Environmental Law
- Estate Planning
- Real Estate
- Water Law
- Preparing, Revising and Updating Farm Operation Governance and Compliance Materials, including Bylaws, Committee Charters, and Compliance Policies.
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