The deadline for farmers to make decisions on commodity programs participation is March 15.
Farmers have an option of electing coverage and enrolling in crop-by-crop Agricultural Risk Coverage-County or Price Loss Coverage programs for the 2022 crop year. Election coverage changes for 2022 are optional, but enrollment is required each year.
Agricultural Risk Coverage provides income support payments that are based on historical base acres when actual crop revenue falls below a specified guaranteed level, said Ron Haugen, North Dakota State University Extension farm management specialist. Price Loss Coverage, meanwhile, provides income support payments on historical base acres when the marketing year average price for a covered commodity is less than its effective reference price.
Commodities that are barley, canola, large and small chickpeas, corn, crambe, flaxseed, grain sorghum, lentils, mustard seed, oats, peanuts, dry peas, rapeseed, long grain rice, medium and short grain rice, safflower seed, seed cotton, sesame, soybeans, sunflower seed and wheat.
If an election is not submitted by the deadline of March 15, the election defaults to the current election for crops on the farm from the prior crop year.
Farmers should contact their local Farm Service Agency to make their program selection.
NDSU Extension has an online tool to help farmers decide whether to sign up for ARC or PLC: https://www.ndsu.edu/agriculture/ag-hub/ag-topics/farm-management.