What About 2024 PLC Payments
The 2024 PLC payment calculations are almost done and it is looking very slim for any payments to be made starting in October
We have written many times on the estimated 2025 ARC and PLC payments to made next October, but what about the 2024 crop.
USDA provides a monthly update of the projected or final MYA price for each of the crops. Many of the crops are not yet final, however, the crop year for pricing ends at the end of this month for many crops and any changes from the current projected price will be very minor.
We calculated the estimated PLC payment for each crop (on a per unit basis) and as you can see in the following chart, there are only two crops that will qualify for a PLC payment:
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