Congress Strengthens ARC and PLC Farm Safety Net Programs
- Reports
- 3
- Developments
- 1
- Repetition
- 67%
New informationRepeats or wire copies
What happened
The Working Families Tax Cuts Act strengthened the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs, effective starting with the 2025 crop year. These programs are projected to generate approximately $13.8 billion in gross payments for the 2025 crop year, which is the largest annual payout since the programs were established in 2014. The legislation also increases the ARC and PLC payment limit from $125,000 to $155,000, with the 2025 payment limit set at $160,000.
From ksal.com
Why it matters
The changes strengthen the commodity safety net for agricultural producers by raising statutory reference prices and improving the effective reference price calculation. The increased payment limits and higher projected payouts significantly alter the financial support provided to eligible producers.
From ksal.com
Who's involved
- CongressCongress passed the Working Families Tax Cuts Act, strengthening the ARC and PLC programs.
- Farm Service AgencyThe Farm Service Agency administers the ARC and PLC programs.
- USDA Rural DevelopmentUSDA Rural Development is part of the United States Department of Agriculture.