Price Loss Coverage program
E522178
The Price Loss Coverage program is a U.S. farm support program that provides payments to producers when market prices for covered commodities fall below legislatively set reference prices.
Statements (51)
| Predicate | Object |
|---|---|
| instanceOf |
U.S. agricultural support program
ⓘ
farm income support program ⓘ |
| administeredBy |
Farm Service Agency
NERFINISHED
ⓘ
United States Department of Agriculture ⓘ |
| basedOn | legislatively set reference prices ⓘ |
| beneficiary | producers of covered commodities ⓘ |
| commodityType | covered commodities ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| doesNotDependOn | current-year planted acreage for most covered commodities ⓘ |
| enrollment | voluntary for eligible producers ⓘ |
| fundingSource | Commodity Credit Corporation NERFINISHED ⓘ |
| includesCommodity |
barley
ⓘ
canola ⓘ corn ⓘ crambe ⓘ dry peas ⓘ flaxseed ⓘ grain sorghum ⓘ large chickpeas ⓘ lentils ⓘ long grain rice ⓘ medium grain rice ⓘ mustard seed ⓘ oats ⓘ peanuts ⓘ rapeseed ⓘ safflower ⓘ seed cotton ⓘ sesame seed ⓘ small chickpeas ⓘ soybeans ⓘ sunflower seed ⓘ wheat ⓘ |
| legalBasis |
Agricultural Act of 2014
NERFINISHED
ⓘ
Agriculture Improvement Act of 2018 NERFINISHED ⓘ |
| offersChoiceWith | Agricultural Risk Coverage program NERFINISHED ⓘ |
| paymentBasis |
historical base acres
ⓘ
payment yields ⓘ |
| paymentTiming | after the end of the marketing year ⓘ |
| paymentType | counter-cyclical payment ⓘ |
| policyGoal |
to mitigate the impact of low commodity prices
ⓘ
to stabilize farm income ⓘ |
| provides | price-based deficiency payments ⓘ |
| purpose | to provide income support to agricultural producers when market prices are low ⓘ |
| referencePriceType | statutory reference price ⓘ |
| relatedProgram | Agricultural Risk Coverage program ⓘ |
| replaced | Direct and Counter-cyclical Payment Program NERFINISHED ⓘ |
| scope | national U.S. farm program ⓘ |
| startDate | 2014 ⓘ |
| targetGroup | producers of covered commodities on eligible base acres ⓘ |
| triggerCondition | market price falls below reference price ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.