Ag Acronyms Never End

If you’re involved in U.S. agriculture, you’ll be hearing a lot about ARC and PLC in the next few months.

Under a provision of the new farm bill, farmers must choose between agricultural risk coverage (ARC) and price loss coverage (PLC). It’s a one-time choice, with no going back.

As of now, I don’t understand either option. Nobody does; details of the two are still being worked out.

Eventually, of course, we’ll figure out ARC and PLC, ¬†just as we figured out previous farm programs such as SURE and ACRE. The never-ending stream of ag acronyms can be wearying, though.

Is there an ag acronym that particularly stands out in your memory? If so, drop me a line. And drop me a line if you have any insight into ARC and PLC.