USDA reminds farmers of Sept. 30 deadline to update safety net yields
WASHINGTON – USDA’S Farm Service Agency (FSA) reminds farm owners that they have a onetime opportunity to update Price Loss Coverage (PLC) program yields for covered commodities on the farm. The deadline is September 30, 2020, to update yields, which are used to calculate the PLC payments for 2020 through 2023. Additionally, producers who elected Agriculture Risk Coverage (ARC) should also consider updating their yields.
“The last time farmers could update yields for these important safetynet programs was in 2014,” said FSA Administrator Richard Fordyce. “It is the farm owner’s choice whether to update or keep existing yields. So, if you rent, you’ll need to communicate with your landlord who will be the one to sign off on the yield updates.”
Updating yields requires the signature of one owner on a farm and not all owners. If a yield update is not made, no action is required to maintain the existing base crop yield on file with FSA.
For program payments, updated yields will apply beginning with the 2020 crop year which, should payments trigger, will be paid out in October of 2021.
Determining Yield Updates
The updated yield will be equal to 90% of the average yield per planted acre in crop years 20132017. That excludes any year where the applicable covered commodity was not planted and is subject to the ratio obtained by dividing the 2008-2012 average national yield by the 2013-2017 average national yield for the covered commodity.
If the reported yield in any year is less than 75 percent of the 2013-2017 average county yield, the yield will be substituted with 75 percent of the county average yield.
More information
PLC yields may be updated on a covered commodity-by-covered commodity basis by submitting FSA form CCC-867 to include a farm owner’s signature.
For more information, reference resources, and decision tools, visit farmers.gov/arc-plc. Contact your local FSA county office for assistance at farmers.gov/service-center-locator.