Some farmers to get USDA payments

Craig Miner, Addison County executive director for USDAs Farm Service Agency announced that FSAs approximately $4 billion in final 2007 direct payments will soon be issued to producers with base acres enrolled in the Direct and Counter-cyclical Program (DCP). To receive direct payments, producers with base acres must be enrolled in the DCP for an eligible commodity for the respective program year, said Miner. Direct payments are tied to historical acreage bases and yields established for a farm, rather than the current farms production. According to Miner it is a complicated formula: for each commodity, the direct payment for each crop year equals 85 percent of the farm's commodity base acreage, times the farm's direct payment yield, times the direct payment rate. The Commodity Credit Corporation reduces final direct payments by any advance direct payments producers have already received.

Vote on this Story by clicking on the Icon


Use the comment form below to begin a discussion about this content.

Sign in to comment