farmdoc Webinar; ARC/PLC Decisions for South Dakota
Monday, February 17th, 2020
10:00 AM – 11:00 AM CST
Presented by Gary Schnitkey, Jonathan Coppess and Nick Paulson
Department of Agricultural and Consumer Economics
University of Illinois
We will describe making the 2018 Farm Bill commodity title choices faced by South Dakota farmers. Those choices will involve enrolling an entire Farm Service Agency (FSA) farm in Agricultural Risk Coverage at the individual level (ARC-IC), or choose between ARC at the county level (ARC-CO) and Price Loss Coverage (PLC) for each program crop. Situations in which ARC individual coverage (ARC-IC) works will be described. Then choices between Agricultural Risk Coverage at the County Level (ARC-CO) and PLC will be described for corn, soybeans, and wheat. For corn and wheat, PLC likely will be the preferred alternative, except if low county yields for 2019 are expected. For soybeans, the choice between ARC-CO and PLC are more difficult.
Sponsored by South Dakota Corn