By Nick Paulson, Gary Schnitkey, Jonathan Coppess, Henrique Monaco, and Carl Zulauf
Successful Farming
Support from the Price Loss Coverage (PLC) and Agriculture Risk Coverage, county option (ARC-CO) programs for the 2024 crop year are currently being processed and distributed by the Farm Service Agency (FSA). Payments from PLC are expected to be triggered for peanut and seed cotton base acres enrolled in that program, while ARC-CO payments are expected in many counties for base acres of most crops if they were enrolled ARC-CO. Total PLC and ARC-CO support for 2024 is estimated to approach $2.6 billion for 2024, with 89% of total payments from ARC-CO.