Program

Price Loss Coverage Payments

Category

Agriculture

Subsidy Type

Mandatory

Committees of Jurisdiction

Senate Agriculture Committee

$0 FY 16 Budget Score (in mil.)
$15,915 FY 16-25 Budget Score (in mil.)

PLC provides crop price support payments primarily to agricultural producers of corn, soybeans, wheat, rice, other oilseeds, peanuts, and pulse crops. If a crop price falls below a government-set minimum price, a subsidy payment is made. Payments are reduced on an acre-by-acre basis for producers who choose to grow fruits, vegetables, or wild rice that are not eligible for payment under PLC.

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