The USDA Farm Service Agency (FSA) reminds farm owners they have a one-time opportunity to update PLC yields of covered commodities on the farm, regardless of Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC)program election. The deadline to request a PLC yield update is September 30.
The updated yield will be equal to 90 percent of the average yield per planted acre in crop years 2013-2017 (excluding any year where the applicable covered commodity was not planted), subject to the ratio obtained by dividing the 2008-2012 average national yield by the 2013-2017 average national yield for the covered commodity.
The ratio is 0.90 for corn, 0.90 for soybeans, and 0.9545 for wheat. If the reported yield in any year is less than 75 percent of the 2013-2017 average county yield, then the yield will be substituted with 75 percent of the county average yield. PLC yields can be updated on a covered commodity-by-covered commodity basis using FSA form CCC-867.
It is the owner’s choice whether to update or keep existing PLC yields. If a yield update is not made, then no action is required to maintain the existing PLC yield. An existing or updated PLC yield will be maintained and effective for crop years 2020 through 2023 (life of the 2018 Farm Bill).
For more information, reference resources, and decision tools, visit farmers.gov/arc-plc. Contact your local Farm Service Agency Office for assistance – farmers.gov/service-center-locator.
Questions? Need to make a virtual appointment? Contact the Grant County FSA office at 605.432.6570 – Extension 2.
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