USDA Now Issuing Safety Net Program Payments to Producers of Pulse and Minor Oilseed Crops

Webp adobestock 314277037
Adobe Stock

USDA Now Issuing Safety Net Program Payments to Producers of Pulse and Minor Oilseed Crops

The following press release was published by the U.S. Department of Agriculture Farm Service Agency on Dec. 4, 2019. It is reproduced in full below.

Dec. 4, 2019 - USDA's Farm Service Agency (FSA) is now processing 2018 Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) payments for certain pulse and minor oilseed crops. If the applicable covered commodity met payment triggers and the farm and producer met eligibility requirements, then payments will be made for the following covered commodities - large and small chickpeas, sunflower seed, mustard seed, rapeseed, safflowers, crambe, sesame seed, and flaxseed.

For producers who elected PLC, payments are made when the market year average (MYA) price is below the reference price. For producers who elected ARC, payments are made when the actual revenue is below the guarantee.

For more information on ARC and PLC or to view the payment rate table with the applicable PLC payment rates, visit fsa.usda.gov/arc-plc. For information about your applicable farm, please contact your local FSA office farmers.gov/service-locator.

Source: U.S. Department of Agriculture Farm Service Agency

More News