Bozeman, Mont., Oct. 7, 2016 – USDA Farm Service Agency (FSA) State Executive Director Bruce Nelson announced that more than 36,700 payments will be issued to Montana farms that enrolled in safety-net programs established by the 2014 Farm Bill 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,” Nelson said. “These payments will help provide reassurance to Montana farm families, who are standing strong against low commodity prices compounded by unfavorable growing conditions.
“Payments by county can vary because average county yields will differ,” Nelson said.
Statewide, 3,761 farms participated in ARC-County and 17,696 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 http://www.fsa.usda.gov/arc-plc and http://www.fsa.usda.gov/mt.
Source: Montana FSA