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Agriculture April 16, 2014


10/30/2013 2:02:00 PM
What's up at the FSA office?
Joyce Davidshofer
Allamakee County Executive Director

Reminder
The Allamakee County FSA Office has a new fax number – (855) 208-8589.

Emergency Conservation Program (ECP) for June 21 -22, 2013 Flooding Event
Producers with damages need to have the land inspected prior to starting any work or repair the damage, With the government shutdown the county office was not able to inspect damages after crops have been taken out. If FSA cannot make the visit, producers are being told to take pictures of everything that needs repair. If producers do not have FSA inspect or provide pictures prior to starting the repairs they could be ineligible and cost share could be denied. This is why contacting the Allamakee County FSA Office is so critical.

FSA Payments
FSA has started issuing Conservation Reserve Program (CRP) annual rental payments to participants. CRP payments will be followed by 2013 direct payments (DCP) and 2012 Average Crop Revenue Election (ACRE) program payments beginning Oct. 24. These payments were delayed by several weeks due to the lapse in Federal funding.

2013 DCP/ACRE direct payments will be reduced by 8.6% due to sequestration
ACRE payments for 2012-crop barley, corn, grain sorghum, lentils, oats, peanuts, dry peas, soybeans, and wheat are scheduled to be released beginning Oct. 24. ACRE payments are contingent upon national average market prices and yields in Iowa. Only those farms that participated in the 2012 ACRE program and met both the state and farm trigger will be eligible for payment. ACRE payments for upland cotton are scheduled to be made in early November, after the 2012/13 average market year price is published in the Agricultural Prices publication scheduled to be released October 31.
ACRE payments for 2012 large chickpeas, small chickpeas, canola, crambe, flaxseed, mustard seed, rapeseed, safflower, sesame, and sunflowers are scheduled to be made in early December and for long grain rice and medium and short grain rice in early February 2014 when the final 2012/13 market year average price data becomes available. ACRE payments are contingent upon national average market prices and yields in Iowa. Only those farms that participated in the 2012 ACRE program and met both the state and farm trigger will be eligible for payment.
The 2008 Farm Bill, extended by the American Tax Payer Relief Act of 2012, provided authority to enroll land in DCP, ACRE and CRP through Sept. 30, 2013; however, no legislation has been enacted to reauthorize or extend this authority. Effective Oct. 1, 2013, FSA does not have legislative authority to approve or process applications for these programs.  
For more information on CRP, DCP and ACRE, producers should contact the Allamakee County FSA office or visit FSA’s website at www.fsa.usda.gov.

Marketing Assistance Loans
Short-term financing is available by obtaining low interest commodity loans for eligible harvested production. A nine-month Marketing Assistance Loan provides financing that allows producers to store production for later marketing. The crop may be stored on the farm or in the warehouse.
Loans are available for producers who share in the risk of producing the eligible commodity and maintain beneficial interest in the crop through the duration of the loan. Beneficial interest means retaining the ability to make decisions about the commodity, responsibility for loss because of damage to the commodity and title to the commodity. Once beneficial interest in a commodity is lost, it is ineligible for a loan, even if you regain beneficial interest.
For 2013 crop year MALs disbursed on or after 10/1/13, the gross loan amount will be reduced by 5.1% due to Sequestration.

County Committee elections
Watch your mailbox for your official county office committee election ballot starting early next month. Ballots will be mailed to all eligible voters Nov. 4, 2013. If for some reason you don’t receive a ballot, feel free to notify the Allamakee County FSA office.   
Completed and signed ballots must be returned to the Allamakee County office by close of business on Dec. 2, 2013.
 
Increased Guaranteed Loan Limit
The Farm Service Agency has announced that the loan limit for the Guaranteed Loan Program will increase to $1,355,000 Oct. 1, 2013. The limit is adjusted annually based on data compiled by the National Agricultural Statistics Service.  
The lending limit is adjusted every year according to an inflation index. The maximum combined guaranteed and direct farm loan indebtedness will also increase to $1,655,000.
As a reminder, the one-time loan origination fee charged on FSA guaranteed Farm Ownership and Operating loans is 1.5 percent of the guaranteed portion of the loan. Producers should contact thel FSA Office with questions about farm loans.







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