The Crop Disaster Program (CDP) provides benefits to farmers who suffered quantity and quality losses to 2005, 2006, or 2007 crops.
CDP sign-up began on Oct. 15. Losses from natural disasters may qualify producers for financial assistance if the crop was planted before Feb. 28, or, in the case of prevented plantings, for crops that would have been planted before Feb. 28.
Producers who incurred qualifying losses in 2005, 2006 or 2007 must choose only one year to apply for benefits. Participants may apply for loss benefits on multiple commodities as long as the losses occurred in the same crop year. Only producers who obtained crop insurance coverage or coverage under the Noninsured Crop Disaster Assistance Program (NAP) for the year of loss will be eligible for CDP benefits. Producers must have suffered quantity losses in excess of 35 percent to be eligible for CDP.
For more information on this and other programs simply contact your local FSA Service Center.
Here are some agri-business notes from the Huron and Erie County Farm Service Agency:
Chuck Conner selected Last month, secretary Mike Johanns announced his resignation as the secretary of agriculture effective Sept. 20 to run for a senate seat in his home state of Nebraska.
Until a new secretary of agriculture is named, Chuck Conner will assume the acting secretary of agriculture position. After assuming his responsibilities as the Acting Secretary of Agriculture, Conner moved right into talking about the policy priorities at USDA. And topping the list of priorities at USDA is still the finalizing of a new farm bill. Other priorities outlined by the acting secretary include food safety, in particular import safety, trade opportunities in general remain a priority and Chuck Conner says beef trade continues to be foremost on the minds of USDA. Chuck Conner was sworn in as deputy secretary of agriculture on May 2, 2005. Since coming to the department, Conner has worked tirelessly to develop and promote the administration's farm policy.
FSA/CCC to report market gain Beginning with the 2007 calendar year, FSA/Credit Commodity Cooperation (CCC) will report producer market gains associated with the repayments of a CCC loan, whether the producer repays the loan with cash or used commodity certificates in exchange of the outstanding loan collateral. The market gain will be reported on IRS form 1099-G.
FSA loan limit increased Effective Oct. 1, the Farm Service Agency (FSA) increased the FSA guaranteed loan limit to $949,000. The previous limit was $899,000. The combined direct and guaranteed loan limit was also increased to $1.14 million. For information on loan eligibility or the different available loan programs, just contact the Huron County Office at (419) 668-4113 for an appointment with a loan approval official.
No penalty-free CRP early releases The U.S. Department of Agriculture will not offer penalty-free early releases from Conservation Reserve Program contracts at this time. While this year's global wheat market remains very tight, corn production is expected to be record-high, and today's grain stocks report indicated higher than expected stocks for corn and soybeans at the start of the 2007/08 crop year. In addition, more than 2 million CRP acres expired under existing contracts on Sept. 30. Wheat, soybean, and corn markets are providing very strong incentives to plant more acreage this fall and next spring. Throughout this year, the market focused on attracting corn acres, and to a lesser extent, wheat acres. Producers responded strongly, with corn acres increasing to their highest level since 1944. Enrollment of acres that qualify for continuous sign-up is ongoing.
Diana Strouse is the county executive director for the Huron and Erie County Farm Service Agency. For more information, call the agency at (419) 668-4113.