RSS Feed
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
|||||||||||||||||||||||||
|
FSA News
FSA computes DCP payments using base acres and payment yields established for each farm. Eligible producers receive direct payments at rates established by statute regardless of market prices. For 2008, eligible producers may request to receive an advance payment of 22 percent of the direct payment for each commodity associated with the farm. FSA will issue advance direct payments as soon as practical after enrollment. Final direct payments will be issued after Oct. 1, 2008. Countercyclical payments vary depending on market prices, and are issued only when the effective price for a commodity is below its target price (which takes into account the direct payment rate, market price and loan rate). For all eligibility requirements or addition information, contact your local office. Quality Loss Crop Disaster Signup Signup for quality losses under the Crop Disaster Program began June 23. Producers can apply for crop quality losses at their local farm service agency office.The CDP provides benefits to farmers who suffered losses to their 2005- 2007 crops from natural disasters and related conditions. Producers who incurred qualifying quantity or quality losses in 2005, 2006 or 2007 may receive benefits for only one of these years. However, producers may apply for benefits for losses to multiple crops 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 quality losses of at least 25 percent to be eligible for CDP Quality Loss. The payment rate is set at 65 percent of the amount of the affected crop multiplied by 42 percent of the per-unit average market value in the year in which the loss occurred. Producers may receive assistance for both quantity and quality losses. However, the total quantity and quality assistance, together with any crop insurance or NAP payment received for the same crop and the value of the crop production not lost, must not exceed 95 percent of the total value of the crop absent the disaster. Farm Reconstitutions In Farm Service Agency terms, farms are constituted to group all tracts having the same owner and the same operator under one farm serial number. When changes in ownership or operation take place, a farm reconstitution is necessary. The reconstitution - or recon - is the process of combining or dividing farms or tracts of land based on the farming operation.
To be effective for the current year, recons must be requested by Aug. 1 for farms enrolled in the Direct and Counter-cyclical Payment program. If 2008 DCP direct payments have already been issued on the farm, the reconstitution will be effective for 2009 unless the payments are refunded.
|
for larger version       |
||||||||||||||||||||||||
