(RENO, Nevada) Acting State Executive Director, Janice Kolvet, announced that approximately 236 Nevada 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 Nevada Farmers

(RENO, Nevada) Acting State Executive Director, Janice Kolvet, announced that approximately 236 Nevada 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 Kolvet “Payments to wheat, oats and corn producers are helping provide reassurance to our Nevada farm families who are standing strong against low commodity prices compounded by unfavorable growing conditions.”

Producers in 10 Nevada counties 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 $1,100,061.00. Cash flow from these payments is particularly helpful to farmers and ranchers in counties impacted by natural disasters.

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

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/nv.

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