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The Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs were authorized by the 2014 and 2018 Farm Bills.
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If corn is 3.70 or over for a avg. you will not get a payment on plc so I guess you have to look at the avg. price over the past 3 years it comes out at 3.70 each of those years ...so if you believe corn is going to avg. 3.70 for the next 2 years better go arc if not go plc on corn ....Beans is really a no brainer where the price is on the avg. for plc it won’t pay ...wheat looks like plc is the only way to go . It’s a gamble like everything we do !
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