PLC Payments Coming for 2015 Crops of Corn, Sorghum & Canola

Eligible producers will be receiving payments under the Price Loss Coverage (PLC) program for 2015 crops of corn, grain sorghum and canola, but no PLC payments will be generated for 2015 crops of soybeans, dry peas and lentils.

2015 PLC Payment Rates. The payment rates will be 9 cents per bushel for corn, 64 cents per bushel for sorghum and 4.55 cents per pound for canola.

Agriculture Risk Coverage — County (ARC-CO). Actual Revenue for Corn, Grain Sorghum, Soybeans, Dry Peas, Canola, and Lentils: The ARC-CO actual crop revenue is calculated by multiplying the actual average county yield for the covered commodity times the higher of either of the following — either the Market Year Average (MYA) price for the covered commodity or the national overage loan rate for the covered commodity.