ARC-CO and PLC Payment Rates for 2020
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Price Loss Coverage Program Payments
The following contains the projected PLC payment rates for 2020 crop year. Table 1 contains the MYA prices for the 2020/21 crop year from the latest World Agricultural Supply and Demand Estimates (WASDE) report. The WASDE report is a monthly report containing the latest estimates/forecasts of MYA prices, production, imports, and exports for various crops. The MYA price is important in calculating farm program payments for the Price Loss Coverage (PLC) and Agricultural Risk Coverage-County (ARC-CO). The Expected PLC Payment Rate is the higher of (Reference Price minus the Estimated 2020/21 MYA Price) or (zero). To find the estimated PLC payment per base acre, multiply the Expected PLC Payment Rate by the individual farm’s PLC Yield, then multiply by the 85% payment reduction factor. These are the finalized MYA prices for all crops except for rice.
| Table 1. PLC Payment Rates for 2020 Marketing Year | ||||||
|---|---|---|---|---|---|---|
| Commodity | Marketing Year | Dates for the Final 2020/21 MYA1 Price | Unit | 2020 Reference Price | 2020/21 MYA Price | 2020 PLC Payment Rate |
| Corn | Sep. 1-Aug. 31 | Sept. 2021 | bu | $3.70 | $4.53 | $0.00 |
| Soybeans | Sep. 1-Aug. 31 | Sept. 2021 | bu | $8.40 | $10.80 | $0.00 |
| Seed cotton | Aug. 1-Jul. 31 | Sept. 2021 | lb | $0.3670 | $0.3393 | $0.0277 |
| Rice (long grain) | Aug. 1-Jul. 31 | Oct. 2021 | lb | $0.140 | $0.126 | $0.014 |
| Rice (med/short grain) | Aug. 1-Jul. 31 | Oct. 2021 | lb | $0.140 | $0.130 | $0.010 |
| Peanuts | Aug. 1-Jul. 31 | Aug. 2021 | lb | $0.2675 | $0.2100 | $0.0575 |
| Wheat | Jun. 1-May 31 | Aug. 2021 | bu | $5.50 | $5.05 | $0.45 |
Agriculture Risk Coverage-County Program Payments
Table 2 contains the ARC-CO payment rates per base acre for corn, cotton, soybeans, and wheat. ARC-CO payments for 2020 are found by taking a given county’s 2020 yield times the 2020 MYA price and comparing that to the county’s Guaranteed Revenue (Olympic average county yields from 2014-2018, multiplied by the Reference price, multiplied by 86% guarantee reduction). If the county’s 2020 revenue is below the Guaranteed Revenue, the payment per base acre is the difference in the two multiplied by the 85% payment reduction factor. Counties in Table 2 are the only counties that will receive an ARC-CO payment for 2020. Counties not listed will not be receiving an ARC-CO payment. The reasoning for only these counties receiving payments is mainly due to higher prices and yield. The counties in Table 2 all had below average yields which resulted in lower revenues that in turn triggered an ARC-CO payment.
| Table 2. ARC-CO Payment Rates for Counties in Mississippi for 2020 Marketing Year | ||||
|---|---|---|---|---|
| ARC-CO Payment Rates $/base acre | ||||
| Crop | County | Irrigated | Non-irrigated | All |
| Corn | Attala | - | - | $40.94 |
| Corn | Coahoma | $52.58 | - | - |
| Cotton | Itawamba | - | - | $77.98 |
| Cotton | Leake | - | - | $78.06 |
| Cotton | Lee | - | - | $72.92 |
| Cotton | Madison | - | - | $63.63 |
| Cotton | Monroe | - | - | $25.70 |
| Cotton | Noxubee | $77.61 | $2.74 | - |
| Cotton | Pontotoc | - | - | $26.36 |
| Cotton | Sharkey | $38.86 | - | - |
| Soybeans | Grenada | - | $27.97 | - |
| Soybeans | Lowndes | - | - | $11.22 |
| Wheat | Adams | - | - | $27.79 |
| Wheat | Amite | - | - | $12.93 |
| Wheat | Attala | - | - | $22.91 |
| Wheat | Bolivar | - | - | $22.09 |
| Wheat | Calhoun | - | - | $22.44 |
| Wheat | Carroll | - | - | $12.85 |
| Wheat | Chickasaw | - | - | $23.55 |
| Wheat | Choctaw | - | - | $21.01 |
| Wheat | Clay | - | - | $25.40 |
| Wheat | Coahoma | - | - | $25.42 |
| Wheat | Copiah | - | - | $17.65 |
| Wheat | DeSoto | - | - | $24.52 |
| Wheat | Franklin | - | - | $17.22 |
| Wheat | Grenada | - | - | $22.13 |
| Wheat | Hinds | - | - | $18.33 |
| Wheat | Humphreys | - | - | $22.88 |
| Wheat | Itawamba | - | - | $21.31 |
| Wheat | Leake | - | - | $21.01 |
| Wheat | Lee | - | - | $20.42 |
| Wheat | Leflore | - | - | $7.51 |
| Wheat | Lowndes | - | - | $9.07 |
| Wheat | Madison | - | - | $8.47 |
| Wheat | Marshall | - | - | $18.88 |
| Wheat | Monroe | - | - | $26.07 |
| Wheat | Montgomery | - | - | $21.01 |
| Wheat | Neshoba | - | - | $25.40 |
| Wheat | Noxubee | - | - | $25.09 |
| Wheat | Oktibbeha | - | - | $25.40 |
| Wheat | Panola | - | - | $0.37 |
| Wheat | Pontotoc | - | - | $19.95 |
| Wheat | Prentiss | - | - | $21.58 |
| Wheat | Quitman | $23.04 | $20.12 | - |
| Wheat | Rankin | - | - | $21.01 |
| Wheat | Scott | - | - | $21.01 |
| Wheat | Sharkey | - | - | $23.21 |
| Wheat | Smith | - | - | $3.44 |
| Wheat | Tallahatchie | - | - | $22.80 |
| Wheat | Tate | - | - | $8.24 |
| Wheat | Tishomingo | - | - | $10.16 |
| Wheat | Tunica | - | - | $23.11 |
| Wheat | Washington | - | - | $21.95 |
| Wheat | Webster | - | - | $21.01 |
| Wheat | Wilkinson | - | - | $12.93 |
| Wheat | Winston | - | - | $25.40 |
| Wheat | Yazoo | - | - | $8.80 |
Any questions on this material can be directed to:
Brian Mills – b.mills@msstate.edu – (662) 686-3238
or
Will Maples – will.maples@msstate.edu – (662) 325-2883
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