Projected 2017 ARC-Co, ARC-I, and PLC Payment Rates Breana Watkins Program Associate, Agricultural Economics Cooperative Extension Service bjwatkins@uaex.edu June 2018

Agricultural Risk Coverage (ARC) ARC (County) is based on revenue (Yield * Price) County yields and national prices are applied to determine the benchmark revenue and the actual crop revenue. Applied price is the higher of : The national average market price received during the 12 month marketing year. The national average loan rate for the crop.

Agricultural Risk Coverage (ARC) ARC (County) allows separate irrigated and non-irrigated ARC benchmark revenues. Benchmark revenue is a moving measure for the 5 most recent years. Payments are on 85% of base acres for a crop. 95% of soybean acres, 86% of corn acres, 57% of wheat acres, 64% of sorghum, and 67% of oat acres elected ARC. FSA has designated production practices for ARC yields by irrigation type in some counties. Some county yields are designated as all, which is a combination of irrigation types.

Price Loss Coverage (PLC) PLC covers losses in actual revenue due to commodity price declines below established reference prices. Payments are made when the effective price is less than the reference price. The effective price is the higher of: The national average market price received during the 12 month marketing year. The national average loan rate for the crop

Price Loss Coverage (PLC) Reference Price is established in the Farm Bill for each covered commodity. Payments are determined by payment yields established with USDA Payments are on 85% of base acres for a crop. Nearly 100% of long-grain rice acres, 96% of medium-grain rice acres, 99% of peanut acres, and 43% of wheat acres elected PLC.

Projected PLC, ARC-I, and ARC-CO Payment Rates for 2018 Preliminary PLC, ARC-I, and ARC-Co for 2018 Commodity Projected Effective Price Statutory Reference Price Projected Payment Rate Corn, bu $3.36 $3.70 $0.34 Oats, bu $2.80 $2.40 $0.00 Peanut, ton $425.00 $535.00 $110.00 MG Rice, bu $5.18 $6.31 $1.13 LG Rice, bu $5.05 $1.26 Sorghum, bu $3.60 $3.95 $0.35 Soybean, bu $9.25 $8.40 Wheat, bu $5.00 $5.50 $0.50

2017 ARC Payment Estimates Rate per Base Acre Corn, All Arkansas $ 74.66 Franklin $ 32.79 Lincoln $ 75.84 Poinsett $ 71.89 Ashley $ 74.26 Fulton $ 55.30 Logan $ 44.64 Prairie $ 73.47 Benton $ 40.29 Greene $ 68.34 Lonoke Pulaski $ 66.36 Chicot $ 73.87 Hempstead $ 47.80 Miller $ 35.95 Randolph Clay $ 72.29 Howard $ 51.35 Mississippi $ 70.71 St. Francis $ 67.94 Craighead Jackson $ 65.18 Monroe $ 71.10 Sebastian $ 45.43 Crittenden $ 69.92 Jefferson $ 77.03 Nevada Sevier Cross Johnson $ 41.87 Perry $ 52.14 Sharp $ 60.83 Desha $ 77.82 Lawrence $ 65.97 Phillips $ 73.08 White $ 65.57 Drew $ 75.45 Lee $ 66.76 Pike Woodruff Corn, Irrigated Conway $ 58.86 Lafayette $ 60.83 Crawford $ 43.45 Little River Faulkner $ 56.09 Pope $ 55.30 Independence $ 61.62 Yell $ 47.80 Corn, Non-Irrigated Conway $ 38.71 Lafayette $ 41.48 Crawford $ 39.11 Little River $ 32.00 Faulkner $ 35.55 Pope $ 29.23 Independence $ 48.19 Yell $ 39.50

2017 ARC Payment Estimates Rate per Base Acre Grain Sorghum, All Arkansas $ 38.04 Howard $ 31.90 Nevada $ 29.45 Conway $ 32.31 Independence $ 28.22 Perry Crawford $ 30.27 Johnson Pike Cross $ 42.54 Lafayette Pope Drew Lawrence Sevier Faulkner Little River $ 30.68 Sharp $ 26.59 Franklin Logan White Fulton Lonoke Yell Hempstead Miller  

Grain Sorghum, Irrigated Grain Sorghum, Non-Irrigated 2017 ARC Payment Estimates Rate per Base Acre Grain Sorghum, Irrigated Ashley $ 35.99 Jackson $ 35.17 Poinsett $ 39.67 Chicot Jefferson Prairie $ 30.27 Clay $ 41.31 Lee $ 42.95 Pulaski $ 36.40 Craighead $ 33.95 Lincoln $ 39.26 Randolph $ 33.54 Crittenden Mississippi St. Francis Desha $ 37.63 Monroe Woodruff $ 28.63 Greene $ 31.08 Phillips $ 44.99   Grain Sorghum, Non-Irrigated Ashley $ 22.50 Jackson $ 27.40 Poinsett $ 34.36 Chicot Jefferson $ 29.04 Prairie $ 24.54 Clay $ 25.77 Lee $ 36.81 Pulaski $ 25.36 Craighead $ 32.72 Lincoln $ 31.49 Randolph $ 18.00 Crittenden $ 37.63 Mississippi $ 38.04 St. Francis Desha $ 37.22 Monroe $ 26.99 Woodruff Greene Phillips  

Soybean, Non-Irrigated 2017 ARC Payment Estimates Rate per Base Acre Soybean, All Arkansas $ 57.56 Hempstead $ 29.32 Monroe $ 47.78 Ashley $ 59.73 Jackson $ 42.35 Pike $ 31.49 Benton $ 28.24 Jefferson $ 54.30 Poinsett $ 52.13 Clay Johnson $ 30.41 Prairie Craighead Lawrence $ 40.18 Randolph $ 43.44 Crawford Lincoln $ 58.64 Sebastian $ 33.67 Cross Little River $ 27.15 Sevier Desha $ 60.82 Logan Sharp $ 39.10 Drew Lonoke $ 48.87 Stone Franklin $ 38.01 Miller $ 20.63 Woodruff Soybean, Irrigated Chicot $ 59.73 Mississippi $ 58.64 Conway $ 42.35 Perry $ 36.92 Crittenden $ 51.04 Phillips $ 56.47 Faulkner $ 39.10 Pope $ 45.61 Greene Pulaski $ 47.78 Independence $ 43.44 St. Francis $ 48.87 Lafayette White $ 41.27 Lee $ 54.30 Yell $ 40.18 Soybean, Non-Irrigated Chicot $ 43.44 Mississippi $ 41.27 Conway $ 32.58 Perry $ 26.06 Crittenden $ 39.10 Phillips $ 33.67 Faulkner $ 23.89 Pope $ 30.41 Greene Pulaski $ 20.63 Independence $ 27.15 St. Francis $ 36.92 Lafayette $ 21.72 White $ 24.98 Lee Yell $ 29.32

2017 ARC Payment Estimates Rate per Base Acre Wheat Arkansas $ 42.84 $ 42.84 Faulkner $ 30.60 Lee $ 37.33 Pope $ 26.93 Ashley $ 33.66 Franklin $ 29.99 Lincoln Prairie $ 37.94 Benton $ 27.54 Fulton Little River $ 24.48 Pulaski Chicot $ 28.76 Greene $ 31.82 Logan Randolph Clay Hempstead $ 28.15 Lonoke St. Francis Conway $ 22.64 Howard Miller $ 25.70 Sebastian $ 36.11 Craighead Independence $ 31.21 Mississippi $ 38.56 Sharp $ 33.05 Crawford $ 25.09 Jackson Monroe White $ 23.26 Crittenden Jefferson Perry $ 23.87 Woodruff Cross Johnson Phillips $ 35.50 Yell Desha Lafayette Pike   Drew $ 34.88 Lawrence Poinsett

Sources USDA Farm Service Agency

Questions? Comments? 870-933-4565 bjwatkins@uaex.edu