A grain marketing plan works with a farm’s production plan to identify a farmer’s specific price objectives as the production and/or storage season progresses. The marketing plan also identifies strategies available to achieve these specific price objectives.
As part of the 2018 Farm Bill, each year farmers can make a decision with regard to the commodity support programs ARC (Agriculture Risk Coverage) and PLC (Price Loss Coverage). For the 2021 crop year, sign up is currently ongoing, with the March 15, 2021 deadline rapidly approaching. According to Paul Mitchell, UW Ag & Applied Economics Professor and Extension Specialist, the decision this year is clear and recommendations are provided based on commodity prices and program details. If you have not already visited your local Farm Service Agency (FSA) county office to make your election for either the Agriculture Risk Coverage (ARC) or the Price Loss Coverage (PLC) program and to sign your annual enrollment contract, you should call and make your appointment now.