ARC/PLC decisions: a three-step process
A few months ago, the USDA Farm Service Agency (FSA) mailed letters to farmland owners and their producers with a summary of covered commodities. This was actually the start of a 3-step process for the new commodity crop program.
Now, farmland owners by FSA farm number have a one-time opportunity to: (1) maintain the farm’s 2013 base acres of covered commodities through 2018; or (2) reallocate base acres among those covered commodities planted on the farm during the 2009 to 2012 crop years.
There are important decisions coming up this fall and winter for both landowners as well as current producers on the farm.
Here’s a summary of the three-step process:
- UPDATE: The first step is whether you want to update base acres and yields. The landowner makes that final decision and signs the appropriate FSA form. The landowner has between Sept. 29, 2014 to Feb. 27, 2015 to update base acres and/or yields by FSA farm number.
The second and third steps involve the current producer(s) on the farm. The second step is the determination of whether or not to elect ARC or PLC. ARC is a revenue-based program. PLC is a price-loss program.
- ELECTION: Current producer can make a 5-year election by FSA farm number for ARC-CO, ARC-IC, or the PLC program. This decision has to be made Nov. 17, 2014 to March 31, 2015.
- ENROLLMENT: The third step is enrollment.Producers enroll the farm for the program elected. They can do this from mid-April through summer 2015. They will then enroll for 2014 and 2015 crop years concurrently.
For more information, plan to attend one of more than 100 scheduled Farm Bill meetings. Additional meetings and additional farm bill related information are posted on the ISU Ag Decision Maker farm bill web page. Consider contacting your local county Extension office if you are interested in attending one of these meetings. Also, visit Farm Service Agency ARC PLC Programs for more information.
Steven D. Johnson, farm and ag business management specialist, 515-957-5790, email@example.com