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Price Loss Coverage

Program Information

Popular name

PLC

Program Number

10.112

Program objective

The Price Loss Coverage program (PLC) is carried over from the 2014 Farm Bill. The PLC program provides income support through price loss payments to eligible producers when the effective price for a covered commodity falls below its effective reference price.

Program expenditures, by FY (2023 - 2025)

This chart shows obligations for the program by fiscal year. All data for this chart was provided by the administering agency and sourced from SAM.gov, USASpending.gov, and Treasury.gov.

For more information on each of these data sources, please see the About the data page.

Additional program information

Single Audit Applies (2 CFR Part 200 Subpart F):

For additional information on single audit requirements for this program, review the current Compliance Supplement.

OMB is working with the U.S. Government Accountability Office (GAO) and agency offices of inspectors general to include links to relevant oversight reports. This section will be updated once this information is made available.

Program is announced through news media and in letters to agricultural producers in the counties. See also 7 CFR Part 1412.