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Price Loss Coverage
113-79.
PLC provide revenue and price loss payments to eligible producers.
Related Programs10.113 Agriculture Risk Coverage Program
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.
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.
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