Wheat, barley qualifies for 2020 PLC payment

From the Farm Service Agency

Final market year average (MYA) prices for 2020 have been published for wheat, barley and oats. The MYA for wheat and barley fell below the statutory reference price resulting in a 2020 Price Loss Coverage (PLC) payment rate for those crops. The MYA for oats exceeded the statutory reference price, so no payment will be earned under PLC. MYA prices for some crops have not been finalized yet and will be released soon.page8image262878768

The final 2020 PLC payment rate for wheat is $0.45 per bushel, and barley is $0.20 per bushel. Actual county yields have been announced for several crops under the Agriculture Risk Coverage-County (ARC-CO) program and can be accessed here to determine if ARC-CO payments will be earned under specific crops.

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