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Price Loss Coverage Yield Worksheet Form

Price Loss Coverage Yield Worksheet Form

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price loss coverage is the very much similar to the old counter-cyclical payments program that we had several years ago it establishes a price floor for each crop based on the National marking year average price so each program crop has a reference price that's set at the national level for corn is 370 for soybeans it's 844 week it's 515 for oats is 240 and how the program works is if the national marketing year average price is less than this reference price then PLC payments are triggered the way that works then is there's first there's that PLC payment rate which is that reference price minus that marketing year average price and then if that's so if there's a negative there where the price is below the marketing price of the year is below the reference price that we have payment that PLC payment rate will be positive then the PLC payment is 85% times up base acres as you have on that farm times the payment yield for that farm times that payment rate just to be clear here on marketi

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