The Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs were authorized by the 2014 Farm Bill.
The ARC-CO program provides revenue loss coverage at the county level. ARC-CO payments are issued when the actual county crop revenue of a covered commodity is less than the ARC-CO guarantee for the covered commodity.
PLC program payments are issued when the effective price of a covered commodity is less than the respective reference price for that commodity. The effective price equals the higher of the market year average price (MYA) or the national average loan rate for the covered commodity.
Revenue maps illustrate county crop revenues with and without ARC-CO payments for both the 2014- and 2015-crops. Actual revenues for 2014 and 2015 are based on NASS season average market prices and NASS county yields. (If the NASS county yield is not available, the RMA or state committee yield is used instead.) The ARC-CO revenue guarantee is 86 percent of the benchmark revenue (based on the 5-year Olympic average of national prices and county yields). For more information on the revenue guarantee calculations, see: https://www.fsa.usda.gov/programs-and-services/arcplc_program/arcplc-program-data/index.