Farmers who enrolled in the new Farm Bill safety-net programs ARC and PLC soon will begin receiving payments for the 2014 crop year.
USDA said Monday that it would begin disbursing nearly $4 billion in payments to producers of corn, soybeans, wheat, barley, grain sorghum, oats, peanuts and other crops.
Not all farmers will receive payments, which depend on a variety of factors, including which program (ARC or PLC) was elected by the producer. For example, a grower in the Midwest who chose PLC for his corn crop will not be receiving a payment, but the national average payment for a farmer who elected ARC-County on corn is an estimated $46 per acre, according to farmDoc daily calculations.
Nationally, the vast majority of Midwest commodity crop growers opted for ARC-County, which appeared to be a better financial choice for most producers, according to experts.
“The programs aren’t designed to make farmers whole,” Farm Service Administrator Val Dolcini told AgWeb. “But they do form a good safety net for farmers to fall back on.”