OSU’s Dr. Amy Hagerman on What You Need to Know to Make Your ARC/PLC Enrollment DecisionsSun, 13 Oct 2019 22:11:32 CDT
Oklahoma State University’s Dr. Amy Hagerman of the Agriculture-Economics Department has been following the implementation of the 2018 Farm Bill very closely. With much of the work done, it is now time for farmers to begin making some of those difficult decisions about which program enrollments will be most beneficial to their individual operation. This fall, Hagerman is travelling across the state to meet with farmers and educate them on the options available to them through the 2018 Farm Bill. In a recent interview with Radio Oklahoma Ag Network Farm Director Ron Hays, she stressed the importance of fully vetting each decision. You can listen to their complete conversation by clicking or tapping the LISTEN BAR below at the bottom of the page.
“We’re at that critical time where we’ve got the information we need about the different programs, the election and enrollment periods, so producers will now be able to go in, have that conversation with their FSA office and make sure they have everything they need in place and be able to make that election decision.”
However, Hagerman warns not to get too comfortable with the programs that are available. While they are still the same Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs as before – she points out that some significant changes have been made that if not fully understood by a producer, could have some potentially major impacts to the coverage they are actually signing up for.
“Don’t get complacent with these being the same programs,” she remarked. “There are some technical changes in both ARC and PLC, from the data that’s underneath them to how they’re going to be calculated. Those could have an impact on how these programs pay in the future versus how they’ve paid in the past.”
Fortunately, producers have a rather generous window in which to make their considerations for this enrollment period. According to Hagerman, that window extends from now until March 15, 2020.
“That allows producers the ability to finish getting wheat in the ground and really sit down and think about this decision,” she said, offering her own advice on that matter. “It really comes down to individual personal preferences. Find the one that works best for you.”
While producers are strongly encouraged to attend one of the meetings she will be hosting through local county extension service offices, Hagerman also encourages producers to consult one of the many spreadsheet tools available on the internet through different universities including OSU, K-State, Texas A&M and Illinois’ Farm Doc.
Hear Hagerman and Hays talk more about ARC and PLC enrollment, as well as the specifics on other Farm Bill programs including those under the Conservation Title and the changes being made to the Market Facilitation Program, by clicking or tapping the LISTEN BAR below at the bottom of the page.
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