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

October 5, 2017 11:34 AM

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.”

Watch more on AgDay above.

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Spell Check

Adam Skinner
Hastings, NE
10/5/2017 09:10 PM

  I work at a John Deere dealership, been waiting on this for a long time. Bring it in farmers we are hurting.

Al Wolff
Annandale, MN
10/6/2017 08:19 AM

  He does understand the payments received this year are for 2016 ? Or does he ? Does he also understand these payments aren't evenly spread across the growing areas ? Here in central MN there are a block of counties that haven't received a payment in the past two years, and won't this year or next. So if you live in Benton, Sherburne, Stearns or Wright, you're on your own, with no payments coming again this year.

Cayuga, IN
10/6/2017 03:14 PM

  What about low prices Sonny?


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