(SPRINGFIELD, ILLINOIS) November 16, 2015 — USDA Illinois Farm Service Agency (FSA) Executive Director, Scherrie V. Giamanco announced that program benefits for the 2014 crop year will be issued for approximately 54,000 Illinois farms enrolled in the new safety-net programs established by the 2014 Farm Bill. The programs, known as Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC), are designed to protect against unexpected drops in crop prices or revenues due to market downturns.

USDA Issues Safety-Net Payments to Illinois Farmers Facing Market Downturn

USDA-Illinois State Farm Service Agency
3500 Wabash Ave.
Springfield, IL 62711-8287
www.fsa.usda.gov

Release No. 16-05

Contact: Scherrie V. Giamanco – SED
Stan Wilson –Chief Program Specialist
(217) 241-6600 ext. 201

(SPRINGFIELD, ILLINOIS) November 16, 2015 — USDA Illinois Farm Service Agency (FSA) Executive Director, Scherrie V. Giamanco announced that program benefits for the 2014 crop year will be issued for approximately 54,000 Illinois farms enrolled in the new safety-net programs established by the 2014 Farm Bill. The programs, known as Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC), are designed to protect against unexpected drops in crop prices or revenues due to market downturns.

"These new safety-net programs provide help when price and revenues fall below normal, unlike the previous direct payments program that provided funds even in good years," said Giamanco. Similarly, the county-based option of ARC protects against lower revenue from a combination of price and yield. Payments by county can vary because average county yields will differ.

Statewide, approximately 156,000 farms participated in ARC-County or PLC. More details on the price and yield information used to calculate the financing assistance from the safety-net programs is available on the FSA website at www.fsa.usda.gov/arc-plc.

To find your local FSA office, visit http://offices.usda.gov.

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