Agricultural producers who have not yet enrolled in the Agriculture Risk Coverage (ARC) or Price Loss Coverage (PLC) programs for the 2023 crop year have until March 15 to elect and enroll in a contract. The U.S. Department of Agriculture (USDA) offers these two safety net programs to provide income support to farmers experiencing substantial declines in crop prices or revenues.
Producers can elect coverage and enroll in ARC-County or PLC, which are both commodity-by-commodity, or ARC-Individual, which covers the entire farm. Although election changes for 2023 are optional, producers must enroll through a signed contract each year. Additionally, if a producer has a multi-year contract on their farm and makes an election change for 2023, they will need to sign a new contract.
If producers do not submit an election by the March 15 deadline, the election remains the same as the 2022 election for commodities on the farm. Farm owners cannot enroll in either program unless they have a share interest in the commodity.
In Minnesota, producers have completed 81,878 contracts to date, representing 78.63% of the more than 104,135 expected contracts.
Producers who do not complete enrollment by the deadline will not be enrolled in ARC or PLC for the 2023 year and will not receive a payment if triggered.
