Agricultural Risk Coverage program

E522177

The Agricultural Risk Coverage program is a U.S. farm safety-net initiative that provides income support to producers when their crop revenues fall below guaranteed levels due to price or yield declines.

All labels observed (3)

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf United States federal agricultural program
farm safety-net program
abbreviation ARC-CO
ARC-IC
acronym ARC
administeredBy Farm Service Agency
United States Department of Agriculture
benefitType revenue-based payment
category United States agricultural subsidy program
United States federal assistance program
complianceRequirement subject to conservation compliance requirements
country United States
covers barley
corn
grain sorghum
oats
other covered commodities as defined in farm bill legislation
peanuts
rice
seed cotton
soybeans
wheat
electionPeriod producers elect coverage for the duration of a farm bill period
fundedBy Commodity Credit Corporation
hasOption Agricultural Risk Coverage-County Option
Agricultural Risk Coverage-Individual Coverage
legalBasis Agricultural Act of 2014
Agriculture Improvement Act of 2018
offersChoiceWith Price Loss Coverage program
partOf U.S. farm safety net
commodity support programs
paymentBasis historical base acres
program yields
paymentLimit subject to statutory payment limitation rules
policyGoal to mitigate revenue risk for crop producers
to stabilize farm income in periods of low prices or poor yields
purpose to provide income support to agricultural producers when crop revenues fall below guaranteed levels
relatedTo Price Loss Coverage program
renewedBy 2018 farm bill
replaced Average Crop Revenue Election program
scope applies to eligible cropland in participating U.S. counties
startDate 2014
supports producers of covered commodities
targetGroup operators of eligible base acres
owners of eligible base acres
triggerCause price declines
yield declines
triggerCondition actual crop revenue falls below a guaranteed revenue level

How these facts were elicited

Referenced by (5)

Full triples — surface form annotated when it differs from this entity's canonical label.

Agricultural Act of 2014 createdProgram Agricultural Risk Coverage program
Agricultural Risk Coverage program hasOption Agricultural Risk Coverage-County Option
linked to: Agricultural Risk Coverage program
Agricultural Risk Coverage program hasOption Agricultural Risk Coverage-Individual Coverage
linked to: Agricultural Risk Coverage program
Price Loss Coverage program offersChoiceWith Agricultural Risk Coverage program
Average Crop Revenue Election program replacedBy Agricultural Risk Coverage program