Ag Policy

  • By: | Trackback Link | No Comments

    November 23rd, 2014


    Farm Exports Hit Record $152.5 Billion for FYE September 30, 2014

    The USDA announced earlier this month that total US farm exports for the fiscal year ended September 30, 2014 hit a new record of $152.50 billion.  This is up from the previous record set the year before of $141 billion (almost a 10% increase).  It was the first time that exports for any month exceeded […]

    More
  • By: | Trackback Link | No Comments

    November 10th, 2014


    What About Pork?

    Every once in a while, I like to post of interesting facts about food production around the world.  I came across the 2014 Kansas City Federal Reserve Agricultural Symposium that was held this summer and found a presentation by Derrell Peel, a professor at Oklahoma State University.  Here is a recap of some interesting facts […]

    More
  • By: | Trackback Link | No Comments

    October 30th, 2014


    USDA Announces Seven Day Dairy Margin Extension

    The USDA announced yesterday a seven-day extension for dairy farmers to sign up for the new dairy margin protection program (DMPP).  The original due date for farmers to sign up for both 2014 and 2015 was November 28, 2014.  The additional extension means that farmers now have until December 5, 2014 to sign up for the program. […]

    More
  • By: | Trackback Link | No Comments

    October 28th, 2014


    How ARC-IC Pays on “Planted Acres”

    We got the following question from a reader: “I enjoyed your article regarding ARC-IC calculations.  I’m wondering if you could further explain how ARC-IC is paid on planted acres vs. base acres.  Everything that I have read states that ARC-CO & ARC-IC are paid on 85% and 65% of Base Acres and that planted acres […]

    More
  • By: | Trackback Link | No Comments

    October 23rd, 2014


    ARC-IC Calculations Apply to All Elected Farms in the State

    Most producers who elect ARC will do at the County level (ARC-CO).  However, many producers with yields substantially in excess of county levels will elect ARC at the Individual Crop level (ARC-IC).  All of these elections are on a farm-by-farm basis and on a covered crop-by-covered crop basis except ARC-IC which requires all covered crops […]

    More
  • By: | Trackback Link | No Comments

    October 22nd, 2014


    If You Want Crop Insurance Subsidies, Be In Conservation Compliance

    For farmers to continue to receive premium subsidies for crop insurance, they must be in conservation compliance with the local FSA office.  In order to be in compliance, the producer must file form AD-1026 with the FSA.  If you already participate in any of the farm programs, you are in compliance. However, if you have never […]

    More
  • By: | Trackback Link | No Comments

    October 19th, 2014


    Base Reallocation Q & A

    We have gotten numerous questions regarding the base reallocation election available to owners and we are summarizing these in a Q & A format: Q. Can I increase my base acres? A. No. You cannot increase or decrease your base acres.  Those total acres are set; however, you are allowed to reallocate those acres from […]

    More
  • By: | Trackback Link | No Comments

    October 3rd, 2014


    Estimated Acre Payments for 2013 Crop Year

    The old farm bill provided an option for producers called ACRE (Average Crop Revenue Election).  The option, at that time, was a little bit complicated and required a reduction in other payments to participate.  However, the payment amounts per acre were very substantial in certain years for various crops. FarmDOC Daily just issued a report […]

    More
  • By: | Trackback Link | No Comments

    September 30th, 2014


    Key Dates for Farm Programs

    The FSA has posted on their website the updated key dates for ARC and PLC sign up as follows: The reallocation of base acres and updating of payment yields (for PLC) started yesterday (September 29, 2014) and will extend until February 27, 2015.  Although the option to update payment yields is strictly for PLC election, […]

    More
  • By: | Trackback Link | No Comments

    September 19th, 2014


    Another Strike Against PLC

    One of the arguments for using PLC instead of ARC is that PLC has unlimited payments (until you hit the overall payment limit of $125,000 per individual).  However, one of the drawbacks to using PLC is your payment yield will not likely reflect your actual yields for 2014-2018.  The payment yield for PLC purposes is […]

    More