Farmers Have to Choose a New Risk Management Program
Let’s face it farming is not easy and manging risks amists Mother nature’s whims is even more risky. The only upside is that Congress is trying to help producers with new, innovative 21st Century risk management programs.
Farmer will have to make a choice between Risk Management Programs very soon. The US Department of Agriculture (USDA) recently unveiled new programs as part of the 2014 Farm Bill that will help farmers manage their risks: Agricultural Risk Coverage (ARC) & Price Loss Coverage (PLC). The choice producers make in the next few months will be irrevocable and used for the next five crop years.…