USDA Update – January 2, 2024
IMPORTANT DATES TO REMEMBER:
- JANUARY 30, 2024- LIVESTOCK FORAGE PROGRAM or LFP – Kiowa County eligible.
- 2024 ARCPLC ELECTION and ENROLLMENT - Deadline March 15, 2024.
- SERVICE CENTER CLOSED - Monday, January 15 in observance of Martin Luther King birthday, a Federal Holiday.
Disclaimer: Information in this UPDATE is pertinent to Kiowa County FSA only. Producers reading this and that do not have FSA interest in Kiowa County are advised to contact their local FSA Office.
THE USDA SERVICE CENTER HAS A DROP BOX AVAILABLE ON THE EAST SIDE OF THE BUILDING.
2024 ARCPLC ELECTION and ENROLLMENT
The 2018 Farm Bill has been extended for one year, which means most programs that were available will be extended. The extension includes a 2024 ARCPLC election and enrollment which began in December and will continue until March 15, 2024.
The office is in the process of printing ARCPLC contracts using the same election that was on file for 2023. The office will be sending out a postcard to the operators hopefully later this week explaining the contracts have been printed and to please stop by the office and sign the contracts.
Producers have the choice between three programs.
Price Loss Coverage (PLC) PLC program payments are issued when the effective price of a covered commodity is less than the respective reference price for that commodity. The effective price equals the higher of the market year average price (MYA) or the national average loan rate for the covered commodity.
ARC-CO or Agricultural Risk Coverage-County makes a payment when the market year average (MYA) price times the county yield falls below the county guarantee, which is calculated at 86% of the 5-year Olympic Average of prices and yields.
ARC-IC or Agricultural Risk Coverage – Individual is a revenue-based program. Payment earned when current year farm crop revenues fall below farm benchmark revenue levels. ARC-IC is elected for all covered commodities at the farm level. Neither PLC nor ARC-CO cannot be elected on an ARC-IC farm. An ARC-IC farm includes all ARC-IC farms elected and enrolled in the state. ARC-IC benchmarks, guarantees, and payment rates are calculated at the farm level and weighted to the producer’s share of covered commodities planted on the ARC-IC farm. If earned, Payment is issued on 65% of the total base acres on the farm.
In the coming weeks there will be more information provided. Operators, keep an eye out for a postcard in the coming week.
2022 ERP – TRACK 1
Producers who did not return the 2022 ERP – track 1 applications to avoid tax implications can now return the completed and signed applications. Producers with crop insurance losses should have received 2022 ERP-track 1 applications in the mail in late November, early December. Producers who cannot locate the form or did not receive a form can contact their recording county for another form.
2023 LIVESTOCK FORAGE PROGRAM
January 30, 2024, is the final day to apply for the 2023 Livestock Forage Program or LFP. Kiowa County triggered for LFP in April 2023 due to the drought conditions that were present at the beginning of the 2023 growing season. Therefore, the opportunity to apply has been available for the past 8 months. If you have grazing livestock and control and risk in grazing land, you could be eligible for the LFP program. Contract the FSA Office for more information.