RBC I An important presentation by the Farm Services Administration (FSA) of the U.S. Department of Agriculture (USDA) regarding the 2014 Farm Bill will be held in Craig on Tuesday. The meeting will take place at 6 p.m. at the Moffat County Extension Office, 539 Barclay St.
Specifically, the meeting is intended to explore program options.
Colorado producers face making a choice between Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC) for eligible crops under the five-year farm bill. This is a one-time decision lasting for the five years.
ARC is a revenue program that covers price and yield losses, gives farmers a choice between county-level coverage (ARC-CO) and individual-level farm coverage (ARC-IC).
PLC is a target price program which makes payments when the national average commodity crop price drops below a specific preference price set in the farm bill.
Producers have until early spring 2015 to select which program works best for their operation.
The USDA has created online tools to help producers project what each program might mean for them, based on their specific information. These tools are available at www.fsa.usda.gov/arc-plc.
A number of program choices will need to be made in the months ahead.
All producers affected by the Farm Bill are encouraged to attend.
