(COLUMBIA, Mo.), Nov. 12, 2015 – USDA Missouri Farm Service Agency (FSA) Executive Director, Mark Cadle announced that approximately 9,981 Missouri 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 Missouri Farmers Facing Market Downturn

Contact:

Mike Lafolette
573-876-0929

Dana Rogge
573-876-0934

November 12, 2015

(COLUMBIA, Mo.), Nov. 12, 2015 – USDA Missouri Farm Service Agency (FSA) Executive Director, Mark Cadle announced that approximately 9,981 Missouri 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 Cadle.

ARC County (ARC-CO) protects against lower revenue from a combination of price and yield. Overall, yields for Missouri in 2014 were very good, therefore ARC-CO payments did not trigger in many Missouri counties.

“Payments by county can vary because average county yields will differ,” said Cadle.

Statewide, over 76,000 farms made elections to participate in ARC and/or PLC. More details on the price and yield information used to calculate the financial assistance from the safety-net programs is available on the FSA website at www.fsa.usda.gov/arc-plc and www.fsa.usda.gov/mo.

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