The Price Loss Coverage (PLC) in the 2014 Farm Bill
A) is a type of crop insurance offered to producers by USDA's Risk Management Agency.
B) is the one 2014 Farm Bill commodity program that is no longer subject to the ""Sodbuster"" Conservation Cross-Compliance provision.
C) is a traditional counter-cyclical program where farmers receive government pay-outs when market prices fall below legislated reference prices.
D) is new type of price protection offered to dairy producers participating in the Dairy Margin Protection program.
E) is the one aspect of the US Sugar Program where taxpayer dollars are expended to implement the farm safety net.

Question

Quizplus · Accepted Answer

is a traditional counter-cyclical program where qualified producers receive pay-outs from the PLC Program when a commodity's market prices fall below legislated reference prices for that commodity.