USA Rice Releases PLC Payment Calculator for 2019 Crop
By Josie McLaurin
USA Rice
Following USDA's announcement of the Market Year Average (MYA) prices for southern long and medium/short grain rice on October 30, USA Rice has released an updated Price Loss Coverage (PLC) payment calculator for the 2019 rice crop. This USA Rice-developed tool helps to project a farmer's potential rice PLC payment.
Users are able to input their data to calculate payments, including base acres, and payment yield. The MYA prices that will be used to calculate PLC assistance for long grain and southern medium/short grain are $12.00/cwt and $11.60/cwt, respectively. Commodity program payments will soon be on the way to those eligible farmers.