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Key Dates for 2014 Farm Bill Safety Net Programs Announced

Posted on 11/6/2014

In other 2014 Farm Bill implementation news, the USDA has announced key dates for farm owners and producers to keep in mind regarding the new Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs.

The new programs, designed to help producers better manage risk, usher in one of the most significant reforms to U.S. farm programs in decades. "The ARC and PLC programs are a significant reform in the farm safety net," said Farm Service Agency (FSA) Administrator Val Dolcini. "FSA wants to keep producers well informed on all steps in the process. We will continue our outreach efforts and maintain resources online to help them understand the new programs before they come in to make decisions for their operations."

Important dates for ARC and PLC:
Sept. 29, 2014, to Feb. 27, 2015: Land owners may visit their local Farm Service Agency office to update yield history and/or reallocate base acres;
Nov. 17, 2014, to March 31, 2015: Producers make a one-time election of either ARC or PLC for the 2014 through 2018 crop years;
Mid-April 2015 through summer 2015: Producers sign contracts for 2014 and 2015 crop years; and
October 2015: Payments for 2014 crop year, if needed.
USDA helped create online tools to assist in the decision process, allowing farm owners and producers to enter information about their operation and see projections that show what ARC and/or PLC will mean for them under possible future scenarios.

The tools are now available at www.fsa.usda.gov/arc-plc


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