Agricultural producers have until March 15, 2023, to enroll in two "key safety net" U.S. Department of Agriculture programs for the 2023 crop year.
Agricultural producers can change election and enroll in the Agriculture Risk Coverage and Price Loss Coverage programs for the 2023 crop year, a news release said.
“It’s that time of year for producers to consider all of their risk management options, including safety-net coverage elections through Agriculture Risk Coverage and Price Loss Coverage,” FSA Administrator Zach Ducheneaux said in the release. “We recognize that market prices have generally been very good, but if the ongoing COVID-19 pandemic, frequent catastrophic weather events and the Ukraine war have taught us anything, it’s that we must prepare for the unexpected. It’s through programs like ARC and PLC that FSA can provide producers the economic support and security they need to manage market volatility and disasters.”
USDA’s Farm Service Agency is issuing payments of more than $255 million to producers with 2021 crops that have triggered payments through Agriculture Risk Coverage or Price Loss Coverage programs, according to the release.
“Producers can elect coverage and enroll in ARC-County (ARC-CO) or PLC, which provide crop-by-crop protection, or ARC-Individual (ARC-IC), which protects the entire farm,” the release said. “Although election changes for 2023 are optional, producers must enroll through a signed contract each year. Also, if a producer has a multi-year contract on the farm and makes an election change for 2023, they must sign a new contract.”
