This is an annual decision that producers need to make, Haugen says.
If an election is not submitted by the deadline of March 15, the election defaults to the current election for crops on the farm from the prior crop year.
For crop years 2022 and 2023, producers will have an opportunity to make new elections during those signups. Farm owners cannot enroll in either program unless they have a share interest in the farm.
ARC provides income support payments on historical base acres when actual crop revenue declines below a specified guaranteed level. PLC provides income support payments on historical base acres when the national marketing year average price for a covered commodity falls below its effective reference price.