USDA’s projected 2019 Price Loss Coverage payment rates point towards 17 of 23 commodities can expect PLC support. Farmers with wheat base acres are expected to receive $1.8 billion with an average payment of $28 per base acre. With a $10 payment per base acre, corn farmers are forecast to share $730 million. Soybeans are not expected to be eligible for PLC benefits. The American Farm Bureau Federation has estimated PLC payments on a state-by-state basis. North Dakota farmers will get $315 million in PLC payments. Minnesota will receive $124 million and South Dakota farmers will collect $109 million from the FSA program. The PLC payments will be made in early October.
