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U of MN Extension ag business offering farm bill series

University of Minnesota Extension agricultural business management staff will recap their farm bill education series in a webinar at 10 a.m. on Thursday, March 5 to help crop producers understand decisions regarding the ARC and PLC programs.

Under the 2018 Farm Bill, crop producers must make a selection by March 16, 2020 of either ARC-County, PLC or ARC-Individual for all covered commodity base acres on a farm.

Agricultural Risk Coverage (ARC-CO) is a revenue protection tool that provides payments if the actual crop revenue based on yield and price is less than the guaranteed revenue for the crop. The Price Loss Coverage (PLC) program provides price support if the average market price is below the national reference price for covered commodities.

The NASS updated yields are predicted to provide a soybean ARC-CO payment for farmers in over half of Minnesota counties. A corn payment for ARC-CO is predicted in eight counties: Cottonwood, Hennepin, Jackson, Lincoln, Murray, Nobles, Pipestone and Rock.

Find more information, including educational videos and county-by-county examples, on the Farm Bill site.

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