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.
Brooks York with AgriSompo joined us with his outlook on crop insurance and risk management following the recent winter storm that tore through most of the United States, including the Midwest.
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