The Roundup -

One-Time PLC Yield Updates – Deadline Sept. 30

 

August 12, 2020 | View PDF



Farm owners have a one-time opportunity to update PLC yields of covered commodities on the farm, regardless of Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) program election. The deadline to request a PLC yield update is Sept. 30, 2020.

The updated yield will be equal to 90% of the average yield per planted acre in crop years 2013-2017 (excluding any year where the applicable covered commodity was not planted), subject to the ratio obtained by dividing the 2008-2012 average national yield by the 2013-2017 average national yield for the covered commodity. If the reported yield in any year is less than 75% of the 2013-2017 average county yields, then the yield will be substituted with 75% of the county average yield.

The chart below provides the ratio obtained by dividing the 2008-2012 average national yield by the 2013-2017 average national yield for each covered commodity.

Covered Commodity • National Yield Factor

Barley • 0.9437

Canola • 0.9643

Chickpeas, Large • 1.0000

Chickpeas, Small • 0.9760

Corn • 0.9000

Crambe • 1.0000

Flaxseed • 1.0000

Grain Sorghum • 0.9077

Lentils • 1.0000

Mustard Seed • 0.9460

Oats • 0.9524

Peanuts • 0.9273

Peas, Dry • 0.9988

Rapeseed • 1.0000

Rice, Long • 0.9330

Rice, Medium • 0.9887

Rice, Temp Japonica • 0.9591

Safflower • 1.0000

Seed Cotton • 0.9000

Sesame Seed • 0.9673

Soybeans • 0.9000

Sunflower Seed • 0.9396

Wheat • 0.9545

It is the owner’s choice whether to update or keep existing PLC yields. If a yield update is not made, then no action is required to maintain the existing PLC yield. An existing or updated PLC yield will be maintained and effective for crop years 2020 through 2023 (life of the 2018 Farm Bill).

PLC yields may be updated on a covered commodity-by-covered commodity basis using FSA form CCC-867.

For more information, reference resources and decision tools, visit farmers.gov/arc-plc. Contact your local Farm Service Agency Office for assistance – farmers.gov/service-center-locator.

 

Reader Comments(0)

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2020