Extending Price Loss Coverage for Farmers to 2031

Price Loss Coverage (PLC) is a farmer subsidy that protects farmers against low valued markets of commodities. If the average market price for a commodity, such as wheat or corn, drops below the set reference price, then the Federal Government will make up the difference through PLC and make a payout to the farmer.

Section 10304 of the Big Beautiful bill extends the PLC program into 2031