Price Loss Coverage program

E522178

The Price Loss Coverage program is a U.S. farm support program that provides payments to producers when market prices for covered commodities fall below legislatively set reference prices.

All labels observed (1)

Label Occurrences
Price Loss Coverage program canonical 3

How this entity was disambiguated

Statements (51)

Predicate Object
instanceOf U.S. agricultural support program ⓘ
farm income support program ⓘ
administeredBy Farm Service Agency ⓘ
United States Department of Agriculture ⓘ
basedOn legislatively set reference prices ⓘ
beneficiary producers of covered commodities ⓘ
commodityType covered commodities ⓘ
country United States ⓘ
doesNotDependOn current-year planted acreage for most covered commodities ⓘ
enrollment voluntary for eligible producers ⓘ
fundingSource Commodity Credit Corporation ⓘ
includesCommodity barley ⓘ
canola ⓘ
corn ⓘ
crambe ⓘ
dry peas ⓘ
flaxseed ⓘ
grain sorghum ⓘ
large chickpeas ⓘ
lentils ⓘ
long grain rice ⓘ
medium grain rice ⓘ
mustard seed ⓘ
oats ⓘ
peanuts ⓘ
rapeseed ⓘ
safflower ⓘ
seed cotton ⓘ
sesame seed ⓘ
small chickpeas ⓘ
soybeans ⓘ
sunflower seed ⓘ
wheat ⓘ
legalBasis Agricultural Act of 2014 ⓘ
Agriculture Improvement Act of 2018 ⓘ
offersChoiceWith Agricultural Risk Coverage program ⓘ
paymentBasis historical base acres ⓘ
payment yields ⓘ
paymentTiming after the end of the marketing year ⓘ
paymentType counter-cyclical payment ⓘ
policyGoal to mitigate the impact of low commodity prices ⓘ
to stabilize farm income ⓘ
provides price-based deficiency payments ⓘ
purpose to provide income support to agricultural producers when market prices are low ⓘ
referencePriceType statutory reference price ⓘ
relatedProgram Agricultural Risk Coverage program ⓘ
replaced Direct and Counter-cyclical Payment Program ⓘ
scope national U.S. farm program ⓘ
startDate 2014 ⓘ
targetGroup producers of covered commodities on eligible base acres ⓘ
triggerCondition market price falls below reference price ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Agricultural Act of 2014 → createdProgram → Price Loss Coverage program ⓘ
Agricultural Risk Coverage program → relatedTo → Price Loss Coverage program ⓘ
Average Crop Revenue Election program → replacedBy → Price Loss Coverage program ⓘ