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.
Rex Gray, Corn Product Manager for Golden Harvest, discusses how the company works side-by-side with farmers to develop strong-performing hybrids built to fit their acres.
October 10, 2025 01:23 PM
Expect a steady corn grind and selective basis strength where exports and local blending stay active.
October 09, 2025 05:10 PM
·
October 29 – November 1, 2025
October 09, 2025 03:13 PM
CoBank Lead Grains Economist Tanner Ehmke joins us to share insight and concerns over current grain storage capacity as export demand lags.
October 09, 2025 01:36 PM
·
We spotlight a student from Illinois who is helping to launch a middle school chapter and teaching younger students about the impact of agriculture in their communities.
October 09, 2025 12:48 PM
·
As the government shutdown pushes the farm economy closer to the brink, Sens. Grassley and Ernst of Iowa are raising their voices for agriculture.
October 09, 2025 11:50 AM
·
October 09, 2025 11:36 AM
·
Considering raising your own replacements instead of buying bred heifers? Three key factors to consider before investing capital.
October 08, 2025 03:03 PM
·
U.S. Senator Joni Ernst (R-IA) joined us on Wednesday’s Market Day Report to share why Ames is uniquely positioned to support expanded USDA operations.
October 08, 2025 12:47 PM
·
