USDA Extends Crop Program Deadline
The U.S. Department of Agriculture (USDA) has extended the sign-up deadline for both the Direct and Counter-cyclical Program and the forthcoming Average Crop Revenue Election Program from June 1 until Aug. 14.
The Moore-Montgomery Center of the Farm Service Agency says the action extends the sign-up deadline by 10 weeks to give producers ample time to decide whether to participate in ACRE or remain in DCP.
The deadline extension assures that farmers have enough information and time needed to determine if ACRE is the right program for their operational needs, according to a notice from FSA. The extension allows farmers to decide whether to stay with DCP for 2009 or to participate in ACRE for the 2009 crop year through 2012.
Authorized by the 2008 Farm Bill, the ACRE program provides eligible producers with a state-level revenue guarantee, based on the five-year state Olympic average yield and the two-year national average price. ACRE payments are made when both state and farm-level triggers are met.
By participating in ACRE, producers elect to forgo counter-cyclical payments, receive a 20 percent reduction in direct payments and a 30 percent reduction in loan rates. The decision to elect ACRE binds the farm to the program through the 2012 crop year, the last year covered by the 2008 act.
More information about these programs and other price support programs is available by visiting the local USDA Service Center, or by going on-line to www.fsa.usda.gov. The local FSA office is in the Moore County Agriculture Center on Pinehurst Avenue in Carthage.
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