Price Loss Coverage

Department Of Agriculture, Farm Service Agency

The Price Loss Coverage program (PLC) is carried over from the 2014 Farm Bill.

Jargon-free version

Helps eligible producers receive payments when the market price of certain crops drops below a set level. This support helps stabilize their income during tough times.

Quick Facts

Funding
Contact for details
Deadline
Apr 15, 2025
Status
Rolling Intake
Category
Agriculture, Food & Fisheries
Organization
Department Of Agriculture, Farm Service Agency

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What Is This Program?

The PLC program provides income support through price loss payments to eligible producers when the effective price for a covered commodity falls below its effective reference price.

What Benefits Are Offered?

grantfinancial support

Provides direct financial support to agricultural producers when the market year average prices for their covered commodities fall below a predetermined effective reference price. It acts as a safety net against market volatility, aiming to stabilize farm income and manage price risks.

Who Is Eligible?

Industries: agriculture

Region: United States

Other Criteria: agricultural producers, have an interest in a commodity grown on a farm with base acres, commodities grown must be on the list of 22 covered commodities (e.g., wheat, oats, barley, corn, grain sorghum, long grain rice, medium/short grain rice, temperate japonica rice, seed cotton, dry peas, lentils, large and small chickpeas soybeans, peanuts, sunflower seed, canola, flaxseed, mustard seed, rapeseed, safflower, crambe, sesame seed), be actively engaged in farming, be a cash rent tenant (if applicable), meet average adjusted gross income (AGI) limitations

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How Do I Apply?

jamie.garriott@usda.gov
(202) 253-9843

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FAQFrequently Asked Questions

Visit the program page for detailed eligibility requirements.

Contact the program administrator for funding details.

The application deadline is April 15, 2025.

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