Most Major Commodities Selected PLC Option for 2019

WASHINGTON, DC – The 2018 Farm Bill’s Price Loss Coverage (PLC) program is the overwhelming winner in farm program signup popularity, according to the American Farm Bureau Federation (AFBF). Under PLC, farmers receive a payment when the price of a commodity falls below a specific price floor, and for 2019, represents 85 percent of the nation’s farm base acres. Every major eligible commodity, except for soybeans increased acres in PLC: 100 percent of all peanut and rice acres, 99 percent of cotton, 93 percent of sorghum and wheat, and 76 percent of corn is covered. Signup for the program ended in March and producers cannot change their election until 2022.