USDA issues first ARC, PLC payments

From Agri-Pulse

Farm program checks totaling nearly $4 billion could start arriving as early as today in farmers’ bank accounts across the country, providing a much needed boost while many commodity prices are falling. However, many of those who signed up for the new farm bill programs will find themselves empty-handed in this first round of payments.

The U.S. Department of Agriculture (USDA) announced today that nearly one half of the 1.7 million farms that signed up for either the Agriculture Risk Coverage (ARC) or Price Loss Coverage (PLC) programs will receive safety-net payments for the 2014 crop year. Read the rest of the story here.