LUBBOCK, Texas (RFD-TV) — Cotton producers are urged to contact their local Farm Service Agency (FSA) office as the September 30 deadline approaches for program enrollment. Recent changes to the Stacked Income Protection Program (STAX), Agriculture Risk Coverage (ARC), and Price Loss Coverage (PLC) programs stem from the “One, Big, Beautiful Bill” Act signed into law on July 4, which updated reference prices for the 2025 crop year.
Typically, farmers choosing STAX were ineligible for ARC or PLC. However, the U.S. Department of Agriculture (USDA) acknowledges that many may have chosen PLC had they been aware of the updated reference prices. The agency is allowing late enrollment in PLC, although acres switched out of STAX remain subject to a penalty equal to 60 percent of the premium, as acreage reports cannot be revised.
Producers enrolling seed cotton acres in PLC or ARC by September 30 will forfeit STAX payments. The USDA expects PLC payments for 2025 to be made next fall, while STAX payments will be announced in summer 2026. Once changes are made, growers cannot reverse their decision, even if STAX would have provided a larger payment.
Tony’s Farm-Level Takeaway: Cotton farmers should weigh potential PLC payments against STAX coverage and act before the September 30 deadline. Local FSA offices can help navigate the options and implications.
The University of Missouri Ag Policy Research Institute found that farmers with eligible base acres would see payments increase this year, primarily due to the rise in ARC and PLC. Economists estimate cotton payments will rise 177 percent, peanuts up 205 percent, and rice farmers will gain 222 percent.
A glimpse into the mindset of the University of Kentucky’s trio of arborists as they relish their role in fostering healthy urban spaces across campus.
December 14, 2023 01:12 PM
·
Getting strange calls or texts from “Amazon” after placing holiday gift orders? In this AARP Live Minute, experts from AARP reveal three Amazon imposter scams to watch out for as you navigate the holiday season.
December 14, 2023 11:28 AM
·
As the USDA tracks how Plant Hardiness Zones are slowly shifting across the country, they are also adjusting their recommendations for gardeners when it comes to perennial plants. The data is also used the by Risk Management Agency to determine crop insurance rates.
November 28, 2023 02:28 PM
·
In honor of Veterans Day this weekend, we wanted to take a moment to highlight an incredible program connecting our great nation’s heroes with agriculture!
November 08, 2023 01:54 PM
·
Agriculture Accounting Expert Paul Neiffer joined us Friday on Market Day Report to take a further look.
November 03, 2023 12:51 PM
·
Falling feed costs and strong demand for butter could be good news for dairy farmers looking to get their finances back on track.
November 03, 2023 12:38 PM
·
Idaho Farm Bureau is taking it one step further and creating a competition for students to grow the largest and best strawberry based on the children’s book.
March 29, 2023 02:39 PM
·
