Reagan elected as FSA County Committee Member
Steve Reagan, newly elected Overton / Pickett FSA County Committee Member, today announced the availability of the Direct and Counter-Cyclical Payment Program (DCP) and the Average Crop Revenue Election Program signup for farmers. The signup will continue through June 1, 2009. No late file provisions apply.
Reagan explained that there are two types of DCP payments – Direct payments and counter-cyclical payments. Both are calculated using the base acres and payment yields established for the farm. Direct payment rates for the eligible DCP commodities are: wheat-$0.52 per bushel, Corn-$0.28 per bushel, and Grain sorghum-$0.35 per bushel. Counter-cyclical payments provide a “safety net” countering the cycle of market prices in the event of low crop prices.
Producers who are eligible for the DCP Program will also be eligible to enroll in the Average Crop Revenue Election (ACRE) Program. The enrollment period for the ACRE program will begin in the spring. Producers may first enroll in the DCP Program, elect to receive advance direct payments and then later modify their enrollment to include the ACRE program or they may wait and elect to enroll in DCP and ACRE at the same time in the spring. The final sign up date is June 1, 2009. An ACRE payment is issued when both the state and the farm have incurred a revenue loss. The payment is based on 83.3 percent of the farm’s planted acres times the difference between the state ACRE guarantee and state revenue times the ratio of the farm’s yield divided by the state expected yield. The total number of planted acres for which a producer may receive ACRE payments may not exceed the total bases on the farm.
Reagan said, “I want to encourage all eligible farmers to participate in these programs and to call the Overton / Pickett Co. FSA office at 931 823-5506, ext. 2 for more information.”