PLC Payments Increase for the 2019 Crop Year

Under the current Farm Bill, farmers and landowners can participate in commodity programs. One is known as the Price Loss Coverage (PLC) which works similarly to the previous counter-cyclical program from the 2002 Farm Bill. PLC has a reference price for each covered commodity. If a crops marketing year is lower than the reference price, a PLC payment will be made.

Throughout the current Farm Bill, rice payments have been the highest. In 2019, long grain rice price payments decreased compared to 2018 while all other covered commodities covered increased except soybeans. PLC payments have not triggered for soybeans in any year under the current Farm Bill.

PLC Payment History 2014-2019