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.
To learn more, visit: farmdocdaily.illinois.edu/2025/11/estimates-of-2024-arc-co-and-plc-payments.html.
Shaun Haney joined RFD News to discuss the potential impact of the Trump-Xi summit uncertainty, ongoing agricultural trade talks, and why geopolitical developments could carry important implications for farmers and global commodity markets.
