Question: How much should I expect from ARC-CO Payments? And when?
Answer: The 2015 Agriculture Risk Coverage at the county level (ARC-CO) program payments will be made this fall. Since the program’s start following the 2014 Farm Bill, an estimated 90% of corn and soybean base acres nationwide were enrolled in ARC-CO.
Given current market conditions, there are many Illinois counties expecting a 2015 payment for both corn and soybeans.
- Per base acre payments for corn and soybeans are estimated to range from $0.00 – $80.00 and $0.00 – $55.00, respectively.
- Prices will be finalized in September and payments will go out in October.
- It is likely reductions will be made to the estimated 2015 payments due to Congressional sequestration limiting the size of the federal budget.
For more information on your county’s estimated payments, check out this farmdoc daily article and speak with your crop insurance specialist.