Expected prices for 2022 are well above PLC reference prices, so I recommend ARC-CO, but do not expect large payments from ARC or PLC. If you want to buy SCO (Supplemental Coverage Option) crop insurance for corn, soybeans or wheat, you will need to choose PLC for all base acres for each crop.
Summary of recommendations for Wisconsin farmers for the 2022 crop year:
- Corn, Soybeans, and Wheat: Signup for County ARC (ARC-CO), but if you want to buy SCO (Supplemental Coverage Option) crop insurance, then signup for PLC
- Oats, Sorghum, Barley, Sunflower Seeds: Signup for County ARC (ARC-CO)
Resources for Making ARC and PLC Decisions for 2022
UW ARC/PLC Extension Page: https://aae.wisc.edu/pdmitchell/extension/arc-plc-signup/
- 2022 ARC and PLC Signup Recommendations https://aae.wisc.edu/pdmitchell/2021/11/24/arc-and-plc-recommendations-for-2022/
- FarmDOC ARC/PLC Payment Simulator (https://fd-tools.ncsa.illinois.edu/)
- Guidance on 2022 Price Forecasts for the FarmDOC ARC/PLC Payment Simulator https://aae.wisc.edu/pdmitchell/2021/11/24/guidance-on-2022-price-forecasts/
- Video: How ARC and PLC work (https://youtu.be/piyOLFnPMnI)
Video: How ARC-IC (Individual Coverage) works (https://youtu.be/fQeDQSC-d0s)