0560-AI24 201410 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 0560 Farm Service Agency FSA 0500 Department of Agriculture USDA Agriculture Risk Coverage and Price Loss Coverage Programs

The Agricultural Act of 2014 (the 2014 Farm Bill) authorizes the new Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) Programs. The rule specifies the eligibility requirements and payment formulas for the ARC and PLC Programs. ARC is a revenue-based program that provides payments when a farm's revenue declines below a specified guarantee level. PLC provides payments when the price for a covered crop declines below its "reference price" set in the 2014 Farm Bill. Eligible producers must make an irrevocable decision to participate in ARC or PLC for the 2014 through 2018 crop years. In addition, owners of farms have a one-time opportunity to reallocate base acres and update program payment yields.  ARC and PLC are Commodity Credit Corporation (CCC) programs administered by the Farm Service Agency (FSA).

]]> Economically Significant First Time Published in The Unified Agenda Completed Actions Yes No 7 CFR 718 7 CFR 1412 7 CFR 1416 7 USC 9011 to 9019 No Final Action 09/26/2014 79 FR 57703 No None No No No Deirdre Holder Branch Chief, Regulatory Analysis and PRA Requirements Branch 0500 Department of Agriculture USDA 202 205-5851 deirdre.holder@usda.gov Farm Production and Conservation Business Center, 1400 Independence Avenue SW, Washington DC 20250-0572