Expected prices for 2023 are well above PLC reference prices, so I recommend ARC-CO for corn, soybeans, wheat, and oats for Wisconsin farmers, but do not expect ARC or PLC payments for the 2023 season. However, 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 2023 crop year:
- Corn, Soybeans, Wheat, Oats: Signup for County ARC (ARC-CO), but if you want to buy SCO (Supplemental Coverage Option) crop insurance, then signup for PLC
- Sorghum, Barley, Sunflower Seeds: Signup for County ARC (ARC-CO)
Resources for Making ARC and PLC Decisions for 2023
UW ARC/PLC Extension Page: https://aae.wisc.edu/pdmitchell/extension/arc-plc-signup/
- Videos: Signup Recommendations for 2023: https://youtu.be/3TsIDsOOhHg
- Post: 2023 ARC and PLC Signup Recommendations https://aae.wisc.edu/pdmitchell/2022/12/01/arc-and-plc-recommendations-for-2023/