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    Price Loss Coverage (PLC)

    Kent Olson (November, 2014)
    Summary

    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.

  • Details

    Organization
    University of Minnesota Extension
    Publisher
    University of Minnesota
    Published
    November, 2014
    Material Type
    Written Material