View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML
USDA/FSA RIN: 0560-AI24 Publication ID: Fall 2014 
Title: ●Agriculture Risk Coverage and Price Loss Coverage Programs 
Abstract:

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).

 
Agency: Department of Agriculture(USDA)  Priority: Economically Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: Yes  Unfunded Mandates: No 
CFR Citation: 7 CFR 718    7 CFR 1412    7 CFR 1416   
Legal Authority: 7 USC 9011 to 9019   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Final Action  09/26/2014  79 FR 57703   
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Deirdre Holder
Branch Chief, Regulatory Analysis and PRA Requirements Branch
Department of Agriculture
Farm Production and Conservation Business Center, 1400 Independence Avenue SW,
Washington, DC 20250-0572
Phone:202 205-5851
Email: deirdre.holder@usda.gov