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

(Tualatin, Oregon), November 16, 2015 – USDA Oregon Farm Service Agency (FSA) Executive Director, Phil Ward announced that approximately 6,200 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 Oregon Farmers Facing Market Downturn

Oregon Farm Service Agency
Public Affairs Branch

Contact:

Taylor Murray, Outreach Specialist
(503) 692-6830 Ext. 223

(Tualatin, Oregon), November 16, 2015 – USDA Oregon Farm Service Agency (FSA) Executive Director, Phil Ward announced that approximately 6,200 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 Ward.

The county-based option of ARC protects against lower revenue from a combination of price and yield.

“For example, twenty-eight counties in Oregon harvest wheat and have experienced on average, a 12% drop in price below the historical benchmark price established by the ARC-CO program,” said SED Ward. “Payments by county can vary because average county yields will differ.”

Statewide, 4600 farms participated in ARC-County and 1600 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/or.

Below are links to ARC-CO revenue maps for Oregon for corn, soybean and wheat.

2014 Oregon ARC-CO Corn Revenue Map With ARC-CO Safety Net

2014 Oregon ARC-CO Corn Revenue Map Without ARC-CO Safety Net

2014 Oregon ARC-CO Soybean Revenue Map With ARC-CO Safety Net

2014 Oregon ARC-CO Soybean Revenue Map Without ARC-CO Safety Net

2014 Oregon ARC-CO Wheat Revenue Map With ARC-CO Safety Net

2014 Oregon ARC-CO Wheat Revenue Map Without ARC-CO Safety Net

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