In 2023, rapeseed was the only crop that met the criteria for PLC payments, highlighting the narrow scope of crops that experienced significant price drops.
Conversely, the ARC-CO program compensates for revenue shortfalls on a county basis, with payments triggered when actual earnings are less than 86% of the benchmark revenue.
This program’s broader reach supported various crops including corn, wheat, and soybeans, which demonstrated the diverse agricultural challenges faced across the country.