USDA Ohio Farm Service Agency (FSA) State Executive Director, Steven Maurer announced that nearly 100,000 Ohio farms that enrolled in safety-net programs established by the 2014 Farm Bill will receive financial assistance for the 2015 crop year. The programs, known as Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC), are designed to protect against unexpected drops in crop prices or revenues due to market downturns.
“These safety-net programs provide help when price and revenues fall below normal, unlike the previous direct payments program that provided funds even in good years,” Maurer said. “These payments will help provide reassurance to Ohio farm families, who are standing strong against low commodity prices compounded by unfavorable growing conditions.”
More details on the price and yield information used to calculate the financing assistance from the safety-net programs is available on the FSA website at www.fsa.usda.gov/arc-plc and www.fsa.usda.gov/oh.
“Payments by county can vary because average county yields and guarantees will differ,” Maurer said. “In some cases, the average price for a crop for the market year was higher than the historical benchmark established by the program, so financial assistance did not occur.”
Statewide, over 86,000 farms participated in ARC-County and over 9,000 farms participated in PLC. More details on the price and yield information used to calculate the financing assistance from the safety-net programs is available on the FSA website at www.fsa.usda.gov/arc-plc and