PLC program payments are issued when the effective price of a covered commodity is less than the respective reference price for that commodity. ARC-IC uses producer’s certified yields, rather than county level yields. Individual Agriculture Risk Coverage (ARC-IC) program payments are issued when the actual individual crop revenue for all covered commodities planted on the ARC-IC farm is less than the ARC-IC guarantee for those covered commodities. ARC-CO payments are issued when the actual county crop revenue of a covered commodity is less than the ARC-CO guarantee for the covered commodity. The ARC-CO program provides income support tied to historical base acres, not current production, of covered commodities. Program details for each are outlined below. Under the 2018 Farm Bill, farmers and landowners can choose between three commodity title alternatives: ARC-CO (payment based on county revenue), ARC-IC (payment based on individual farm revenue), and PLC (payment based on market year average).
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