URBANA, Ill. (RFD-TV) — Payments from Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) are now being issued for the 2024 crop year, offering meaningful help as row-crop margins remain tight. New analysis from farmdoc daily (University of Illinois and Ohio State University) shows that ARC-CO provides the bulk of support, with payments triggered widely outside the core Corn Belt, where county yields fell below benchmark levels.
Total ARC-CO and PLC outlays are estimated at $2.6 billion, with 89 percent coming from ARC-CO. Corn base acres are expected to receive nearly $1.3 billion (about $18 per acre on average), while soybeans total $618 million. PLC payments are limited to peanuts and seed cotton — roughly $295 million combined — as market-year prices for most commodities stayed above PLC reference levels.
For producers, these payments provide critical cash-flow relief heading into another year of elevated costs and narrow margins, supplementing recent disaster and ad hoc assistance.
Farm-Level Takeaway: ARC-CO delivers the bulk of 2024 support, offering key margin relief as producers manage tight operating conditions.
Tony St. James, RFD-TV Markets Specialist
To learn more, visit: farmdocdaily.illinois.edu/2025/11/estimates-of-2024-arc-co-and-plc-payments.html.
Is a handshake as good as your word? That is the topic of today’s blog post by RFD-TV farm legal expert Roger A. McEowen — the ability to enforce oral contracts for the sale of goods.
October 02, 2023 01:58 PM
·
Calling all FarmHers! RFD-TV’s sister network, FarmHer, just announced a new initiative in the works to empower women in agriculture at a one-day event in Iowa this November.
September 21, 2023 01:03 PM
·
The USDA’s latest crop forecast for corn and soybean production will impact U.S. producers as well as make an impact on global trade.
September 20, 2023 12:25 PM
·
RFD-TV had the privilege to speak with Susan Littlefield, Farm Director at KRVN in Lexington, Nebraska, who shared her unique perspective covering the event over the last 25 years in her work as a dedicated broadcasting professional.
September 12, 2023 02:44 PM
·
When it comes to Kansas’ “Right to Farm” law, and property rights with respect to road ditch right-of-ways and the common law and trespassing and nuisance — how far can one go without infringing on others? RFD-TV’s Farm legal expert Roger McEowen details a recent opinion by the Kansas Court of Appeals in a case involving a hog farmer, which, he says, is perhaps the most egregious ag nuisance case that has ever gone to an appellate-level court in Kansas.
September 07, 2023 12:14 PM
·
