Referencing the spreadsheet, Gibson explains how ARC-CO payments were determined:
“The big differences in payments come when the 2017 actual yield (column L) is less than the 2017 benchmark yield (column G). The benchmark yield was determined by using the 2012-2016 Olympic average for the county. The payment rate is the 2017 maximum payment rate (column K) minus 2017 actual revenue (column N).”
For farmers enrolled in the PLC program, 2017 payments will be $.34 per bushel multiplied by 85 percent of the farm-proven yield.
TCP encourages farmers to review their payments for 2017. If there are questions or concerns, farmers should contact their county FSA office or can contact TCP at email@example.com or 806.763.CORN (2676).