ARC vs PLC › Indiana › Steuben County
ARC-CO and PLC · FSA official
Steuben County, IN: ARC or PLC for 2026 and 2027
FSA’s official 2026 ARC-CO benchmark yields for Steuben County, Indiana, with the math behind them and what they mean for ARC-CO and PLC. FSA has not posted 2027 benchmarks; the 2027 benchmark shifts the window one year.
Quick answer for 2026, for a typical farm in this county. Run your own numbers; your PLC yield and base can change it.
- Corn, non-irrigated: leans ARC-CO (est. $0.96 PLC vs $10.39 ARC-CO per base acre; PLC more in 1 of 10 past-year scenarios, ARC-CO in 3).
- Soybeans, non-irrigated: too close to call (est. $0 PLC vs $2.07 ARC-CO per base acre; PLC more in 0 of 10 past-year scenarios, ARC-CO in 2).
- Wheat: too close to call (est. $24.75 PLC vs $25.22 ARC-CO per base acre; PLC more in 2 of 10 past-year scenarios, ARC-CO in 5).
Typical farm = FSA’s county average PLC yield and FSA’s official benchmark. Prices: USDA’s October WASDE projection, spread by how far the season-average price ended from October futures in each past year; county yields from the same past years. How this is figured.
Corn 2026 in Steuben County: leans ARC-CO
Non-irrigated, 2026: Leans ARC-CO: expected about $9.44 more per base acre, but the gap is within the normal swing; either is a defensible choice (expected $0.96 PLC vs $10.39 ARC-CO per base acre; PLC paid more in 1 of 10 past-year scenarios, ARC-CO in 3).
PLC pays on any season-average price below $4.42, up to $196.35 per base acre at the $2.42 loan rate, so it protects against a deep price drop. ARC-CO is capped at $94.63 per base acre but also pays when the county’s yield is short; it paid something in 4 of the 10 past-year scenarios. With prices centered at $4.70, PLC is expected to pay $0.96 and ARC-CO $10.39 per base acre.
2027: Too close to call (expected $10.00 PLC vs $10.54 ARC-CO per base acre; PLC paid more in 1 of 10 past-year scenarios, ARC-CO in 1; the gap is under $2.89). The 2027 view uses FSA’s 2026 benchmark; FSA posts 2027 later.
For a typical farm: FSA’s county average PLC yield 115.5 bu (program year 2025) and the official 184.45 bu benchmark. County yields from this county’s own FSA yields. Run your own numbers in the calculator below.
Irrigated, 2026: Leans ARC-CO: expected about $7.30 more per base acre, but the gap is within the normal swing; either is a defensible choice (expected $0.96 PLC vs $8.25 ARC-CO per base acre; PLC paid more in 1 of 10 past-year scenarios, ARC-CO in 3).
PLC pays on any season-average price below $4.42, up to $196.35 per base acre at the $2.42 loan rate, so it protects against a deep price drop. ARC-CO is capped at $111.78 per base acre but also pays when the county’s yield is short; it paid something in 3 of the 10 past-year scenarios. With prices centered at $4.70, PLC is expected to pay $0.96 and ARC-CO $8.25 per base acre.
2027: Too close to call (expected $10.00 PLC vs $11.02 ARC-CO per base acre; PLC paid more in 0 of 10 past-year scenarios, ARC-CO in 1; the gap is under $2.04). The 2027 view uses FSA’s 2026 benchmark; FSA posts 2027 later.
For a typical farm: FSA’s county average PLC yield 115.5 bu (program year 2025) and the official 217.86 bu benchmark. County yields from this county’s own FSA yields. Run your own numbers in the calculator below.
Average PLC yield on enrolled corn base in this county: 115.5 bu (FSA, program year 2025). Your farm’s own is on the FSA-156EZ.
Irrigated: official 2026 ARC-CO benchmark
FSA trend-adjusted county yields (county yield or 80% of T-yield): 2020: 219.17 · 2021: 186.69 · 2022: 213.82 · 2023: 227.99 · 2024: 220.58 (struck: high and low). Middle three average: 217.86 bu.
At a season-average price equal to the 2026 effective reference price ($4.42), PLC pays nothing and ARC-CO pays when the county yield comes in below 223.1 bu, reaching its cap below 193.4 bu.
PLC vs ARC-CO break-even at a 217.86 bu county yield, 2026 prices
| PLC yield, % of your official benchmark | Which pays more, by season-average price |
|---|---|
| 60% 130.7 bu | PLC: $3.41 or lower ARC-CO: $3.42 to $4.52 |
| 70% 152.5 bu | PLC: $3.55 or lower ARC-CO: $3.56 to $4.52 |
| 80% 174.3 bu | PLC: $3.66 or lower ARC-CO: $3.67 to $4.52 |
| 90% 196.1 bu | PLC: $3.74 or lower ARC-CO: $3.75 to $4.52 |
| 100% 217.9 bu | PLC: $3.81 or lower ARC-CO: $3.82 to $4.52 |
FSA history, irrigated
| Year | Benchmark | Price | County yield | ARC-CO $/ac |
|---|---|---|---|---|
| 2021 | 202.34 | $3.70 | 178.79 | none |
| 2022 | 203.96 | $3.70 | 207.50 | none |
Program year; benchmark yield in bu/acre; benchmark price $/bu; actual county yield; ARC-CO payment rate per acre before the 85% factor. All from FSA’s files. Older program years use older windows and prices, so they are history, not this year’s benchmark.
Non-irrigated: official 2026 ARC-CO benchmark
FSA trend-adjusted county yields (county yield or 80% of T-yield): 2020: 140.96 · 2021: 182.46 · 2022: 189.31 · 2023: 181.58 · 2024: 190.37 (struck: high and low). Middle three average: 184.45 bu.
At a season-average price equal to the 2026 effective reference price ($4.42), PLC pays nothing and ARC-CO pays when the county yield comes in below 188.9 bu, reaching its cap below 163.7 bu.
PLC vs ARC-CO break-even at a 184.45 bu county yield, 2026 prices
| PLC yield, % of your official benchmark | Which pays more, by season-average price |
|---|---|
| 60% 110.7 bu | PLC: $3.41 or lower ARC-CO: $3.42 to $4.52 |
| 70% 129.1 bu | PLC: $3.55 or lower ARC-CO: $3.56 to $4.52 |
| 80% 147.6 bu | PLC: $3.66 or lower ARC-CO: $3.67 to $4.52 |
| 90% 166.0 bu | PLC: $3.74 or lower ARC-CO: $3.75 to $4.52 |
| 100% 184.5 bu | PLC: $3.81 or lower ARC-CO: $3.82 to $4.52 |
FSA history, non-irrigated
| Year | Benchmark | Price | County yield | ARC-CO $/ac |
|---|---|---|---|---|
| 2021 | 160.24 | $3.70 | 174.91 | none |
| 2022 | 155.06 | $3.70 | 183.27 | none |
Program year; benchmark yield in bu/acre; benchmark price $/bu; actual county yield; ARC-CO payment rate per acre before the 85% factor. All from FSA’s files. Older program years use older windows and prices, so they are history, not this year’s benchmark.
Soybeans 2026 in Steuben County: too close to call
Non-irrigated, 2026: Too close to call (expected $0 PLC vs $2.07 ARC-CO per base acre; PLC paid more in 0 of 10 past-year scenarios, ARC-CO in 2; the gap is under $4.11).
PLC pays on any season-average price below $10.71, up to $122.67 per base acre at the $6.82 loan rate, so it protects against a deep price drop. ARC-CO is capped at $61.50 per base acre but also pays when the county’s yield is short; it paid something in 2 of the 10 past-year scenarios. With prices centered at $12.00, PLC is expected to pay $0 and ARC-CO $2.07 per base acre.
2027: Leans ARC-CO: expected about $5.43 more per base acre, but the gap is within the normal swing; either is a defensible choice (expected $3.06 PLC vs $8.49 ARC-CO per base acre; PLC paid more in 0 of 10 past-year scenarios, ARC-CO in 2). The 2027 view uses FSA’s 2026 benchmark; FSA posts 2027 later.
For a typical farm: FSA’s county average PLC yield 37.1 bu (program year 2025) and the official 49.54 bu benchmark. County yields from this county’s own FSA yields. Run your own numbers in the calculator below.
Irrigated, 2026: Leans ARC-CO: expected about $8.03 more per base acre, but the gap is within the normal swing; either is a defensible choice (expected $0 PLC vs $8.03 ARC-CO per base acre; PLC paid more in 0 of 10 past-year scenarios, ARC-CO in 2).
PLC pays on any season-average price below $10.71, up to $122.67 per base acre at the $6.82 loan rate, so it protects against a deep price drop. ARC-CO is capped at $76.32 per base acre but also pays when the county’s yield is short; it paid something in 2 of the 10 past-year scenarios. With prices centered at $12.00, PLC is expected to pay $0 and ARC-CO $8.03 per base acre.
2027: Pick ARC-CO (expected $3.06 PLC vs $24.62 ARC-CO per base acre; PLC paid more in 0 of 10 past-year scenarios, ARC-CO in 5). The 2027 view uses FSA’s 2026 benchmark; FSA posts 2027 later.
For a typical farm: FSA’s county average PLC yield 37.1 bu (program year 2025) and the official 61.48 bu benchmark. County yields from this county’s own FSA yields. Run your own numbers in the calculator below.
Average PLC yield on enrolled soybeans base in this county: 37.1 bu (FSA, program year 2025). Your farm’s own is on the FSA-156EZ.
Irrigated: official 2026 ARC-CO benchmark
FSA trend-adjusted county yields (county yield or 80% of T-yield): 2020: 64.1 · 2021: 60.54 · 2022: 65.11 · 2023: 59.8 · 2024: 55.56 (struck: high and low). Middle three average: 61.48 bu.
At a season-average price equal to the 2026 effective reference price ($10.71), PLC pays nothing and ARC-CO pays when the county yield comes in below 62.9 bu, reaching its cap below 54.5 bu.
PLC vs ARC-CO break-even at a 61.48 bu county yield, 2026 prices
| PLC yield, % of your official benchmark | Which pays more, by season-average price |
|---|---|
| 60% 36.9 bu | PLC: $8.27 or lower ARC-CO: $8.28 to $10.95 |
| 70% 43.0 bu | PLC: $8.62 or lower ARC-CO: $8.63 to $10.95 |
| 80% 49.2 bu | PLC: $8.88 or lower ARC-CO: $8.89 to $10.95 |
| 90% 55.3 bu | PLC: $9.08 or lower ARC-CO: $9.09 to $10.95 |
| 100% 61.5 bu | PLC: $9.24 or lower ARC-CO: $9.25 to $10.95 |
FSA history, irrigated
| Year | Benchmark | Price | County yield | ARC-CO $/ac |
|---|---|---|---|---|
| 2021 | 56.94 | $8.95 | 58.69 | none |
| 2022 | 60.06 | $9.12 | 63.63 | none |
Program year; benchmark yield in bu/acre; benchmark price $/bu; actual county yield; ARC-CO payment rate per acre before the 85% factor. All from FSA’s files. Older program years use older windows and prices, so they are history, not this year’s benchmark.
Non-irrigated: official 2026 ARC-CO benchmark
FSA trend-adjusted county yields (county yield or 80% of T-yield): 2020: 41.95 · 2021: 53.47 · 2022: 53.8 · 2023: 48.59 · 2024: 46.57 (struck: high and low). Middle three average: 49.54 bu.
At a season-average price equal to the 2026 effective reference price ($10.71), PLC pays nothing and ARC-CO pays when the county yield comes in below 50.7 bu, reaching its cap below 43.9 bu.
PLC vs ARC-CO break-even at a 49.54 bu county yield, 2026 prices
| PLC yield, % of your official benchmark | Which pays more, by season-average price |
|---|---|
| 60% 29.7 bu | PLC: $8.27 or lower ARC-CO: $8.28 to $10.95 |
| 70% 34.7 bu | PLC: $8.62 or lower ARC-CO: $8.63 to $10.95 |
| 80% 39.6 bu | PLC: $8.88 or lower ARC-CO: $8.89 to $10.95 |
| 90% 44.6 bu | PLC: $9.08 or lower ARC-CO: $9.09 to $10.95 |
| 100% 49.5 bu | PLC: $9.24 or lower ARC-CO: $9.25 to $10.95 |
FSA history, non-irrigated
| Year | Benchmark | Price | County yield | ARC-CO $/ac |
|---|---|---|---|---|
| 2021 | 49.95 | $8.95 | 51.62 | none |
| 2022 | 48.43 | $9.12 | 52.32 | none |
Program year; benchmark yield in bu/acre; benchmark price $/bu; actual county yield; ARC-CO payment rate per acre before the 85% factor. All from FSA’s files. Older program years use older windows and prices, so they are history, not this year’s benchmark.
Wheat 2026 in Steuben County: too close to call
All practices, 2026: Too close to call (expected $24.75 PLC vs $25.22 ARC-CO per base acre; PLC paid more in 2 of 10 past-year scenarios, ARC-CO in 5; the gap is under $13.44).
PLC pays on any season-average price below $6.35, up to $107.75 per base acre at the $3.72 loan rate, so it protects against a deep price drop. ARC-CO is capped at $56.17 per base acre but also pays when the county’s yield is short; it paid something in 6 of the 10 past-year scenarios. With prices centered at $6.30, PLC is expected to pay $24.75 and ARC-CO $25.22 per base acre.
2027: Too close to call (expected $24.75 PLC vs $25.22 ARC-CO per base acre; PLC paid more in 2 of 10 past-year scenarios, ARC-CO in 5; the gap is under $13.44). The 2027 view uses FSA’s 2026 benchmark; FSA posts 2027 later.
For a typical farm: FSA’s county average PLC yield 48.2 bu (program year 2025) and the official 78.89 bu benchmark. County yields from this county’s own FSA yields. Run your own numbers in the calculator below.
Average PLC yield on enrolled wheat base in this county: 48.2 bu (FSA, program year 2025). Your farm’s own is on the FSA-156EZ.
All practices: official 2026 ARC-CO benchmark
FSA trend-adjusted county yields (county yield or 80% of T-yield): 2020: 69.33 · 2021: 88.6 · 2022: 71 · 2023: 82.37 · 2024: 83.31 (struck: high and low). Middle three average: 78.89 bu.
At a season-average price equal to the 2026 effective reference price ($6.35), PLC pays nothing and ARC-CO pays when the county yield comes in below 78.0 bu, reaching its cap below 67.6 bu.
PLC vs ARC-CO break-even at a 78.89 bu county yield, 2026 prices
| PLC yield, % of your official benchmark | Which pays more, by season-average price |
|---|---|
| 60% 47.3 bu | PLC: $4.95 or lower ARC-CO: $4.96 to $6.17 |
| 70% 55.2 bu | PLC: $5.15 or lower ARC-CO: $5.16 to $6.12 |
| 80% 63.1 bu | PLC: $5.30 or lower ARC-CO: $5.31 to $6.00 |
| 90% 71.0 bu | PLC: $5.41 or lower ARC-CO: $5.42 to $5.66 |
| 100% 78.9 bu | PLC: $6.34 or lower ARC-CO: never |
FSA history, all practices
| Year | Benchmark | Price | County yield | ARC-CO $/ac |
|---|---|---|---|---|
| 2021 | 75.46 | $5.50 | 84.65 | none |
| 2022 | 75.10 | $5.50 | 67.84 | none |
Program year; benchmark yield in bu/acre; benchmark price $/bu; actual county yield; ARC-CO payment rate per acre before the 85% factor. All from FSA’s files. Older program years use older windows and prices, so they are history, not this year’s benchmark.
Break-even prices are per base acre with both programs on 85% of base and 2026 prices. Your PLC yield is on the FSA-156EZ.
An estimate, not a USDA determination. Source: FSA ARC/PLC program data. Find your county office.
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