USDA ANNOUNCES DEADLINE EXTENSION FOR CROP INSURANCE PROGRAMS
March 02, 2015
Farmers who missed the Feb. 27 sign up deadline to reallocate base acres or yield history for the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) have been given a one-time extension to March 31. The final day for farmers to choose ARC or PLC coverage also remains March 31.
"This is an important decision for producers, because these programs provide financial protection against unexpected changes in the marketplace,” U.S. Department of Agriculture Secretary Tom Vilsack said. “Producers are working to make the best decision they can. And we're working to ensure that they've got the time, the information, and the opportunities to have those final conversations, review their data, and to visit the Farm Service Agency to make those decisions.”
If no changes are made to yield history or base acres by March 31, the farm's current yield and base will be used. A program choice of ARC or PLC coverage also must be made by March 31, 2015, or there will be no 2014 payments for the farm, and the farm will default to PLC coverage through the 2018 crop year.
"These are complex decisions, which is why we launched a strong education and outreach campaign back in September,” Vilsack said. “Now we're providing a one-time extension of an additional month so that every producer is fully prepared to enroll in this program.”
The online tools, available at www.fsa.usda.gov/arc-plc, allow farmers to explore projections on how ARC or PLC coverage will affect their operation under possible future scenarios.
Covered commodities include barley, canola, large and small chickpeas, corn, crambe, flaxseed, grain sorghum, lentils, mustard seed, oats, peanuts, dry peas, rapeseed, long grain rice, medium grain rice (which includes short grain rice), safflower seed, sesame, soybeans, sunflower seed and wheat. Upland cotton is no longer a covered commodity.
To learn more, farmers can contact their local Farm Service Agency county office. To find a local office visit http://offices.usda.gov.