Price Loss Coverage

The Price Loss Coverage program (PLC) is similar to the previous Direct and Counter-cyclical Payments Program (DCP) and the Average Crop Revenue Election (ACRE) which were repealed by P.L.

113-79.

PLC provide revenue and price loss payments to eligible producers.




Related Programs10.113 Agriculture Risk Coverage Program

Agency - Department of Agriculture

Established in 1862, the Department of Agriculture serves all Americans through anti-hunger efforts, stewardship of nearly 200 million acres of national forest and rangelands, and through product safety and conservation efforts. The USDA opens markets for American farmers and ranchers and provides food for needy people around the world.

Office - See Regional Agency Offices.

Consult the local phone directory for location of the nearest county FSA office.

If no listing, contact the appropriate State FSA office listed in the Farm Service Agency section of Appendix IV of the Catalog or on the WEB at http://www.fsa.usda.gov/edso/.



Program Accomplishments

Not Applicable.

Uses and Use Restrictions

The PLC yield for covered commodities on the farm is equal to the counter-cyclical payment yield established for each covered commodity on the farm that was effective on September 13, 2013, unless the PLC yield is updated.

Eligibility Requirements

Applicant Eligibility

An eligible producer is eligible to enter into a contract if 1) the owner of the farm has an ownership of a crop and assumes all or a part of the risk producing a crop that is commensurate with that claimed ownership of the crop; 2) a producer, other than the owner, on a farm with a share-rent lease for such farm, regardless of the length of the lease, if the owner of the farm enters into the same contract; 3) a producer, other than an owner, on a farm who rents such farm under a lease expiring on or after September 30 of the year of the contract in which case the owner is not required to enter into the contract; 4) a producer, other than an owner , on a farm who cash rents such farm under a leasing expiring before September 30 of the year of the contract; 5)An owner of an eligible farm who cash rents such farm and the lease expires before September 30 of the year of the contract, if the tenant declines to enter into a contract for the applicable year.

Beneficiary Eligibility

PLC provides payments to eligible producers on farms enrolled for the 2014 through 2018 crop years.

Credentials/Documentation

It is understood and agreed that producers on a farm may participate in the program only by enrolling in a contract that is consistent with the election previously made for the farm and covered commodities of that farm. Election is not enrollment and the election that applies to a farm and the covered commodities of a farm applies without regard to whether or not producers choose to enroll the farm or not. Enrollment is required each and every contract year. This program is excluded from coverage under 2 CFR 200, Subpart E - Cost Principles.

Aplication and Award Process

Preapplication Coordination

Preapplication coordination is not applicable.

Environmental impact information is not required for this program.

This program is excluded from coverage under E.O.

12372.

Application Procedures

This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.

Award Procedures

PLC program payments are issued when the effective price of a covered commodity is less than the respective reference price for that commodity. The effective price equals the higher of the market year average price (MYA) or the national average loan rate for the covered commodity. Producers receive their PLC payments after October 1 following the end of the 12 month marketing year for the covered commodity as applicable.

Deadlines

Dec 01, 2016 to Aug 01, 2017: This applies to crop year 2017. The 2017 enrollment will begin on December 1, 2016 and end on August 1, 2017; the 2018 enrollment will begin on December 1, 2017 and end on August 1, 2018.

Authorization

The Agricultural Act of 2014, Title I, Part II, Section 1116, Public Law 113-79.

Range of Approval/Disapproval Time

Approval of payments depends on farmer compliance with conservation and wetland provisions.

Appeals

From 1 to 15 days. A producer may obtain reconsideration and review of any adverse determination made under this part in accordance with the appeal regulations found at parts 11 and 780 of Title 7 Agriculture.

Renewals

Not Applicable.

Assistance Considerations

Formula and Matching Requirements

Statutory Formula: Title 7, Chapter 1412, Subpart A, Public Law 113-79. Matching requirements are not applicable to this program. MOE requirements are not applicable to this program.

Length and Time Phasing of Assistance

PLC payments shall be made beginning October 1, or as soon as practicable thereafter, after the end of the applicable marketing year for the covered commodity, this is statutory. There is no limit place on the time permitted to spend the money award. Method of awarding/releasing assistance: lump sum.

Post Assistance Requirements

Reports

Not Applicable.

Audits

This program is excluded from coverage under 2 CFR 200, Subpart F - Audit Requirements. Recipients under this program are subject to audit by the Office of the Regional Inspector General, USDA.

Records

An owner or any other individual or entity receiving assistance for DCP shall maintain and retain financial books and records which will permit verification of all transactions for at least 3 years, following the end of the calendar year in which assistance was provided.

Financial Information

Account Identification

12-4336-0-3-999.

Obigations

(Direct Payments for Specified Use) FY 16 $5,841,000,000; FY 17 est $3,052,000,000; and FY 18 est $2,959,000,000

Range and Average of Financial Assistance

No Data Available.

Regulations, Guidelines, and Literature

Program is announced through news media and in letters to agricultural producers in the counties. Regulations published in the Federal Register, 7 CFR Part 1412.

Information Contacts

Regional or Local Office

See Regional Agency Offices. Consult the local phone directory for location of the nearest county FSA office. If no listing, contact the appropriate State FSA office listed in the Farm Service Agency section of Appendix IV of the Catalog or on the WEB at http://www.fsa.usda.gov/edso/.

Headquarters Office

Brent N Orr 1400 Independence Ave SW Room 4759-S, Washington, District of Columbia 20024 Email: Brent.Orr@wdc.usda.gov Phone: (202) 720-7641 Fax: (202) 690-2130

Criteria for Selecting Proposals

Not Applicable.



Social Entrepreneurship
Spotlight



Social Enterprise Rollercoaster: Riding it in 2014


Social Enterprise Rollercoaster: Riding it in 2014

Cliff Prior, chief executive of UnLtd, a UK-based foundation for social entrepreneurs, writes his preconceived notions about how social enterprise will be a wild rollercoaster ride in 2014.




Social Services Jobs

  Social Services Jobs
  Program Director Jobs
  Social Services Jobs
  Executive Director Jobs
  Fundraising & Development Jobs





More Federal Domestic Assistance Programs


Lower Snake River Compensation Plan | Good Neighbor Next Door Sales Program | Public Health Conference Support | Healthy Body Healthy Spirit | National Health Service Corps |  Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy


Edited by: Michael Saunders

© 2004-2019 Copyright Michael Saunders