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Farm Service Agency updates announced Signup The Crop Disaster Program provides benefits to farmers who suffered quantity and quality losses to 2005, 2006 or 2007 crops. CDP signup began Oct. 15. Losses from natural disasters may qualify for financial assistance if the crop was planted before Feb. 28, 2007, or, in the case of prevented plantings, for crops that would have been planted before Feb. 28, 2007. Producers who incurred qualifying losses in 2005, 2006 or 2007 must choose only one year to apply for benefits. Participants may apply for loss benefits on multiple commodities as long as the losses occurred in the same crop year. Only producers who obtained crop insurance coverage or coverage under the Noninsured Crop Disaster Assistance Program for the year of loss will be eligible for CDP benefits. Producers must have suffered quantity losses in excess of 35 percent to be eligible for CDP. For more information on this and other programs simply contact the nearest USDA Farm Service Agency office. Livestock Disaster Programs The new Livestock Compensation Program sign-up period began Sept. 10. Eligible ranchers and other livestock producers can apply to receive LCP compensation for feed losses or LIP for livestock losses that occurred between Jan. 1, 2005, and Feb. 28, 2007 due to a natural disaster. Check with your FSA county office for details. Final Payments for 2007 DCP
Enrolled producers can expect their final direct payment for 2007 DCP via direct deposit into personal bank accounts during the first few weeks of October. Producers who did not elect to receive an advance direct payment will receive their entire direct payment for the year in one lump sum after the end of the fiscal year (after Sept. 20, 2007). The direct payment for a crop equals 85 percent of the farm's base acreage times the farm's direct payment yield times the direct payment rate.
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