PLC

Peanut Farmers looking into PLC Payments

The average price for peanuts received by farmers is yet to be determined for the full year because we have it posted May, June, or July. But after that, farmers are thinking about a PLC payment that will come, or price loss coverage payment, that will come after October the 1st. That’s the new peanut program payout if farmers do …

PLC

PLC Coverage Details

Understanding This Year’s USDA Peanut PLC Program Payments Peanut farmers across the Southeast continue to navigate fluctuating markets, and one tool available to support them is the USDA’s Price Loss Coverage (PLC) program. Many growers may qualify for a payment this year based on how the market price of peanuts compared to the USDA reference price. As explained, “The peanut …