PLC provides crop price support payments primarily to agricultural producers of corn, soybeans, wheat, rice, oilseeds, peanuts and pulse crops. If a crop price falls below a government-set minimum price, a subsidy payment is made. Payments are reduced on an acre-by-acre basis for producers who choose to grow fruits, vegetables or wild rice that are not eligible for payments under PLC.
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Program
Committees of Jurisdiction
Price Loss Coverage Payments
Category
Agriculture
Subsidy Type
Mandatory
House Agriculture Committee, Senate Agriculture Committee
$2,088
FY 22 Budget Score (in mil.)
$29,079
FY 22-31 Budget Score (in mil.)