1、 https:/crsreports.congress.gov May 16, 2022Farm Bill Primer: PLC and ARC Farm Support ProgramsThe Agriculture Improvement Act of 2018 (2018 farm bill, P.L. 115-334) reauthorized the Price Loss Coverage (PLC) and the Agriculture Risk Coverage (ARC) programs for crop years 2019-2023. These programs w
2、ere created by the Agricultural Act of 2014 (2014 farm bill, P.L. 113-79). The PLC and ARC programs provide income support to producers of certain eligible commodities (Table 1). The amount of support varies by commodity and from year-to-year based on program enrollments and market conditions (Figur
3、e 1 and Figure 2). Figure 1. Total PLC and ARC Payments by Crop Year Source: CRS using USDA Farm Service Agency (FSA) program data. Data for 2014-2018 as of March 12, 2020. Data for 2019 as of January 21, 2021. Data for 2020 as of December 22, 2021. Figure 2. PLC and ARC Payments by Commodity 2020 c
4、rop year Source: CRS using USDA FSA program data, updated as of December 22, 2021. Total payments for all commodities equaled $2.158 billion. The PLC and ARC programs receive mandatory appropriations of “such sums as necessary,” and are funded through the Commodity Credit Corporation (CCC). The prog
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