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Deadline to enroll in key farm bill safety net programs approaches

Source: USDA-Farm Service Agency

U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) Administrator Val Dolcini reminds farmers and ranchers that they have until Sept. 30 to enroll in several key Farm Bill safety net programs – Agriculture Risk Coverage (ARC), Price Loss Coverage (PLC) and the Margin Protection Program for Dairy (MPP-Dairy).
“These programs provide important risk protection for farm and dairy operations, so it is important not to miss the deadline for enrollment,” said Dolcini. “Producers already have elected ARC or PLC, so now is the time to sign the contract and enroll for the 2014 and 2015 crop years.”
ARC and PLC programs trigger financial protections for agricultural producers when market forces cause substantial drops in crop prices or revenues. More than 1.76 million farmers and ranchers are expected to sign contracts to enroll in ARC or PLC. Covered commodities under the programs include barley, canola, large and small chickpeas, corn, crambe, flaxseed, grain sorghum, lentils, mustard seed, oats, peanuts, dry peas, rapeseed, long grain rice, medium grain rice (which includes short grain and sweet rice), safflower seed, sesame, soybeans, sunflower seed and wheat. Upland cotton is no longer a covered commodity. The elections for each farm stay in place through 2018, but ownership and shares can be adjusted through the annual enrollment. For additional program information, visit www.fsa.usda.gov/arc-plc.
To find your local FSA office, visit http://offices.usda.gov.
These risk management programs were authorized by the 2014 Farm Bill, which builds on historic investments made in rural America over the past six years, while achieving meaningful reform and billions of dollars in savings for the taxpayer. Since enactment, the U.S. Department of Agriculture has progressively implemented each provision of this critical legislation, including providing disaster relief to farmers and ranchers; strengthening risk management tools; expanding access to rural credit; funding critical research; establishing innovative public-private conservation partnerships; developing new markets for rural-made products; and investing in infrastructure, housing and community facilities to help improve quality of life in rural America. For more information, visit www.usda.gov/farmbill.

Written by:
kristin
Published on:
September 4, 2015

Categories: General

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