(LEXINGTON, KY), November 12, 2015 – USDA Kentucky Farm Service Agency (FSA) Executive Director, John W. McCauley announced that approximately 35,195 Kentucky farms who enrolled in the new safety-net programs established by the 2014 Farm Bill will soon begin receiving financial assistance for the 2014 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 Kentucky Farmers Facing Market Downturn

Contact:
Winnie Breeding (859) 224-7601
John W. McCauley, State Executive Director

(LEXINGTON, KY), November 12, 2015 – USDA Kentucky Farm Service Agency (FSA) Executive Director, John W. McCauley announced that approximately 35,195 Kentucky farms who enrolled in the new safety-net programs established by the 2014 Farm Bill will soon begin receiving financial assistance for the 2014 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 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 SED McCauley.

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,” said McCauley.

Statewide, 77,871 farms participated in ARC-County and 8,334 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/ky.

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