Ag Policy
-
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 […]
-
Clarification on September 26 Date
In my post yesterday, I indicated that you need to update your farm structure by next Friday September 26, 2014 to ensure that your ARC or PLC decision for this year would be the one you wanted, not necessarily the one you got stuck with. We have gotten a few questions on this and after […]
-
Update Your “Farms” by Sepember 26
I previously wrote on this subject recently, but want to reinforce that you need to take action before September 26, 2014 in order to make sure you do not end up losing any PLC/ARC benefits for this year. The election for ARC or PLC is done on a farm-by-farm basis which includes the operator (the […]
-
Dairy Margin Protection Program Update
I spent Friday in Denver (I found wearing shorts to Denver this time of year may not be a good idea since it was “cold”) getting training on the new Dairy Margin Protection program. The various state universities involved in the online tools development have done a very good job of providing good information that […]
-
If Landlords Can’t Agree, get new FSN by September 26, 2014
One of the requirements of the new farm bill is that all parties involved in each Farm Serial Number (FSN) must agree on whether to elect PLC or ARC. If the parties cannot agree then no 2014 payment is allowed and the farm is automatically enrolled in PLC for 2015 through 2018. If you have […]
-
Be Careful What You Wish For
As part of the new farm bill passed earlier this year is a provision that allows farmers to elect to adjust their APH for any years where the county yield (including contiguous counties) is less than 50% of a ten-year average. These rules were supposed to be put in place in time for the 2015 crop year. The USDA […]
-
Livestock Producers Urged to Enroll in Disaster Assistance Program by Oct. 1
The USDA is encouraging livestock producers who have suffered grazing losses due to drought or fire between October 1, 2011 and December 31, 2014 to register, request an appointment or begin a Livestock Forage Disaster Program (LFP) application with their county FSA office before October 1, 2014 as the Budget Control Act passed by congress […]
-
FSA Grants Date Extension on Filing Farm Structure Changes
The FSA just announced that the deadline to finalize your 2014 farm structure for all programs has been extended to September 26, 2014. Future 2014 Farm Bill Programs will look at the 2014 farm structure for eligibility and other requirements, so any changes or updates must be in place by this new deadline to be […]
-
Enrollment for Dairy Margin Management Program Begins September 2
The USDA announced today that the new Dairy Margin Management Program (MPP) will be open for enrollment starting next Tuesday, September 2, 2014. Enrollment will end November 28, 2014 and dairy farmers will be able to retroactively enroll back to September 1 for 2014 and enroll for all of 2015. The elections are separate for 2014 […]
-
FBS Conference – Hedging Accounting and Taxation
I will be presenting at the FBS Systems Annual Conference in Moline, Illinois on Tuesday August 26, 2014. This is a full day workshop in conjunction with Norm Brown (owner of FBS Systems) on hedging accounting and taxation based upon the standards issued by the Farm Financial Standards Council. This workshop will review the standards, […]