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.
U.S. soybean farmers are growing increasingly frustrated by Argentina’s gains in Chinese grain contracts and Trump’s pledge of economic support for the South American ally.
September 25, 2025 11:51 AM
·
Midwest corn and soy producers are monitoring for disease and lower yields due to the ongoing drought over the last 30 days.
September 24, 2025 04:38 PM
·
On this week’s episode of
FarmHER + RanchHER, host Kirbe Schnoor travels to Wilson’s ranch to see how she blends tradition and technology to raise elite Red Angus cattle.
September 24, 2025 04:02 PM
·
Cotton farmers should weigh potential PLC payments against STAX coverage and act before the September 30 deadline.
September 24, 2025 12:57 PM
·
Argentina hopes to boost demand, but critics see the move as a blow to American farmers.
September 24, 2025 11:35 AM
·
Kevin Charleston with Specialty Risk Insurance joined us Tuesday to share his perspective on farm safety and risk management during fall harvest.
September 23, 2025 04:33 PM
·
