1、 https:/crsreports.congress.gov Updated August 17, 2017Farm Bill Primer: ARC and PLC Support ProgramsBackground The 2014 farm bill (Agricultural Act of 2014, P.L. 113-79), created two new types of crop support programs, Price Loss Coverage (PLC) and Agricultural Risk Coverage (ARC), to provide incom
2、e support at levels above the price protection offered by the marketing assistance loan (MAL) programs loan rates. See CRS Report R43448, Farm Commodity Provisions in the 2014 Farm Bill (P.L. 113-79). Producers were given a one-time choice between PLC and ARC, depending on their preference for prote
3、ction against a decline in either (a) crop prices or (b) crop revenue, respectively. The selection was for the five-year duration of the 2014 farm billthe 2014 through 2018 crop years. Furthermore, producers could elect ARC at either the county (ARCCO) or individual farm (ARCIC) level. PLC and ARC-C
4、O choices could vary across “covered” crops (listed in Table 1), whereas ARC-IC includes all “covered” crops on a farm under a single farm-level revenue guarantee. Participation is free. For both ARC and PLC, payments are decoupledthat is, payments are made on 85% of a crops historical “base” acres
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