(INDIANAPOLIS, Ind.) Oct. 27, 2017 – USDA Indiana Farm Service Agency (FSA) Acting State Executive Director (SED) Nancy J. Best announced that approximately 95,000 Indiana farms that enrolled in safety-net programs established by the 2014 Farm Bill will receive financial assistance for the 2016 crop year. 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 Indiana Farmers

Contact:  Donna Ferguson
317-290-3315
donna.ferguson@in.usda.gov

(INDIANAPOLIS, Ind.) Oct. 27, 2017 – USDA Indiana Farm Service Agency (FSA) Acting State Executive Director (SED) Nancy J. Best announced that approximately 95,000 Indiana farms that enrolled in safety-net programs established by the 2014 Farm Bill will receive financial assistance for the 2016 crop year. 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 safety-net programs provide help when price and revenue fall below normal,” said Acting SED Best.  “Payments to barley, corn, oats, grain sorghum, soybeans and wheat producers are helping provide reassurance to our Indiana farm families who are standing strong against low commodity prices compounded by unfavorable growing conditions.” 

Indiana producers have experienced a significant drop in prices or revenues below the benchmark established by the ARC or PLC program and thus, will receive payments totaling more than $287.5 million.  Payments related to corn crops made up much of those payments.  There were also payments for barley, oats, grain sorghum, soybeans and wheat crops.  

“Payments by county for an eligible commodity can vary because average county yields will differ,” said Acting SED Best.   

Statewide, 90,110 farms participated in ARC-County and 4,510 farms participated in 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 and www.fsa.usda.gov/in.

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