$8 Billion Of ARC, PLC Money To Serve As Safety Net Payments

04:34PM Oct 05, 2017
Harvest is when farmers see how decisions pay off in grain.
( Sonja Begemann )

Safety net payments are rolling from the USDA, and Secretary of Agriculture Sonny Perdue says he hopes the money will help farmers that are facing tough times this year.

More than $9.6 billion are headed to farms this week, coming from the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs as well as the Conservation Reserve Program (CRP). Nearly $8 billion will come from ARC and PLC.

“Many of these payments will be made to landowners and producers in rural communities that have recently been ravaged by drought, wildfires and deadly hurricanes,” said Perdue. “I am hopeful this financial assistance will help those experiencing losses with immediate cash flow needs as we head toward the end of the year.”

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10/5/17 ARC, PLC Safety Net Money