Community Ag Alliance: Farm Service Agency offers program opportunity
U.S.D.A Farm Service Agency is offering farmers new information to update program payment yields that will help them better select protections offered by the Agricultural Risk Coverage and Price Loss Coverage programs.
The new programs, established by the 2014 Farm Bill, are cornerstones of commodity farm safety, offering farmers protection when market forces cause substantial drops in crop prices and revenues.
The ARC-CO program provides revenue loss protection for revenue losses at the county level. A determination regarding revenue loss for each covered commodity with enrolled base acres in the county will be made after the market year average price is published by USDA.
The PLC program provides payments when the market year average price for a covered commodity falls below the crop’s reference price specified by the 2014 Farm Bill.
The Farm Bill provides landowners with the option of updating their farm program payment yields. This is the first time that many producers have been able to update yields since 1986. The Risk Management Agency has made available certified yield data that producers can use to better calculate how the new safety net programs can offer the best protection against market swings.
Producers can check with their local FSA county office to see if data is available for them. This data belongs to the producer and only the producer associated with the crop insurance records will be provided this service.
The deadline to update yield history data or reallocation of base acres is Feb. 27. Producers should begin reviewing information on their agricultural operation, read up on ARC/PLC basics and gather up necessary documents (lease, adjusted gross income, entity information) prior to appointment.
Producers will make a one-time election of either ARC or PLC, which will remain in effect for the 2014 through 2018 crop years.
For more information, producers are encouraged to contact their county office to schedule an appointment. The Steamboat Springs field office services Grand, Jackson, Summit and Routt counties and can be reached by phone at 970-879-3225, ext. 2. Additional information on the new programs also is available at http://www.fsa.usda.gov/arc-plc.
Sharon Heltzel is a Farm Bill programs technician with the Farm Service Agency.
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