FSA details Farm Bill’s new rules

FSA details Farm Bill’s new rules

Landowners must make one-time decision to select payment program
Farm Bill glossary

The 2008 Farm Bill’s direct and countercyclical payment programs and the state-based revenue program known as ACRE (Average Crop Revenue Enhancement Program) were eliminated. In their place, a farmer may choose one of three new farm programs that commence with the 2014 crop year:
Price Loss Coverage (PLC)
A program that makes a payment to a producer when the market price for a covered crop is below a fixed reference price
Agriculture Risk Coverage (Individual ARC)
A program that makes a payment when the farm’s revenue from all crops is below 86 percent of a predetermined or benchmark level of revenue.
County Agriculture Risk Coverage (County ARC)
A program that makes a payment when the county’s revenue from all crops is below 86 percent of a predetermined or benchmark level of revenue.
Coverage
Commodities covered under the 2014 Farm Bill and the three new insurance programs are: wheat, oats, barley, corn, grain sorghum, rice, soybeans, sunflower seed, rapeseed, canola, safflower, flaxseed, mustard see, crumb, sesame see, dry peas, lentils, small chickpeas, large chickpeas and peanuts.

Deadlines

Feb. 27: Base Acre Reallocation and Yield Updates
March 31: ARC/PLC Election
Mid-April – summer: ARC/PRC Enrollments

click here to add your event
Area Events