Farmers have until March 16 to make an Agriculture Risk Coverage or Price Loss Coverage designation for the 2019/2020 crop years. At the end of last week, University of Minnesota Extension economist Bob Craven says around 30 percent of Minnesota farmers have not signed up. “It’s important to do that because if you don’t sign up before March 16, you won’t get any payments for that crop year,” says Craven. USDA’s National Agricultural Statistics Service has released county yield data. “So now there are numbers to base things on. The take home message is there are about 44 counties in Minnesota that will receive ARC payments on soybeans, so this is something producers shouldn’t miss out on.” Craven goes on to say the decision a farmer makes now isn’t set in stone. Farmers can choose a new ARC/PLC designation in 2021. Find out more in this RRFN story.
