What is in this article?:
- CRP, direct payments coming this month
- Direct payments
October is an important production month because CRP rental payments, direct and counter-cyclical payments (DCP), and now Average Crop Revenue Election (ACRE) payments are paid during this first month of the Federal fiscal year. These funds support the agricultural economy and responsible stewardship of America's production acreage.
Beginning Oct. 12, final direct payments for the DCP and ACRE programs will be made to more than 1.1 million producers enrolled in these programs. Participants in DCP or ACRE had the option of receiving a 22 percent advance direct payment when the farm was enrolled or delaying the direct payment until after the end of the fiscal year. ACRE revenue payments are scheduled to be made at a later time.
The Secretary said that a final peanut counter-cyclical payment will be made this month which, when summed with the advance payment, totals $47 million. The 2009 counter-cyclical payments are for producers on farms with base acres of peanuts and upland cotton enrolled in DCP and ACRE. The ACRE revenue payment date and rate will be announced in the future. Final counter-cyclical payments will be made as follows:
• The final 2009-crop peanut counter-cyclical payment (CCP) rate is $25.00 per ton or $0.0125 per pound. Producers with peanut base acres who accepted a partial payment in March 2010 received $9.20 per ton or $0.0046 per pound. They are due an additional $15.80 per ton or $0.0079 per pound. The final marketing year price for 2009-crop peanuts is $434.00 per ton or $0.217 per pound.
• The final 2009-crop upland cotton CCP rate will be determined after Oct. 8. The 2008 farm bill authorized a partial CCP payment in March 2010, with a final payment made at the end of the marketing year. Producers with upland cotton base acres who accepted a partial payment in March 2010 received $0.0103 per pound.
• Since the effective price for wheat, barley, oats, corn, soybeans, grain sorghum, dry peas and lentils exceeds the target price, as required by statute, the Commodity Credit Corporation (CCC) will not issue any 2009 CCP payments for these crops.
• Counter-cyclical payment rates for sunflower seed, canola, crambe, flaxseed, mustard seed, rapeseed, safflower, sesame seed, large chickpeas, and small chickpeas will be determined as soon as practical after the market year average price is published on Nov. 30, and for rice, after Jan. 31, 2011. Based on market price information to date, no counter-cyclical payments are expected to be issued for these crops.
For more information on CRP, DCP or ACRE, producers should contact their local FSA office or visit FSA's Website at http://www.fsa.usda.gov.