The Price Loss Coverage (PLC) program will make payments to farmers if a covered commodity’s national average marketing year price is below its reference price, the new term instead of target price. Payments will be made on a crop by crop basis. Under PLC, the payment is the difference between the national average marketing year price and the reference price multiplied by the payment yield and 85% of the base acres.
Organization |
University of Minnesota Extension |
Publisher |
University of Minnesota |
Published |
November, 2014 |
Material Type |
Written Material |