By? Chris Zoller, Mary Griffith, Ben Brown, Ohio State University Extension
Enrollment in the 2018 Farm Bill programs (PLC, ARC-CO, and ARC-IC) ends on March 16. If you do not enroll by this date you will default to the election you made in the previous Farm Bill and receive NO PAYMENTS for the 2019 program year. This same election holds true for 2020.
As a reminder, PLC is a price protection/income loss option that covers declines in crop prices and the ARC-CO program is an income support option based on county-level benchmark revenues and guarantees compared to actual revenues. For those with prevent planted acres, the ARC-IC program may be worth consideration. ARC-IC issues payments when individual crop revenue is less than the guarantee and uses individual yields, rather than the county yields.
Once an election is made, the choice carries through for 2019 and 2020. Annual changes can be made in 2021, 2022, and 2023 program years.? Continue reading
