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Friday, Apr. 18, 2014

End rows Sept. 14, 2010

Tuesday, September 14, 2010

September 30 deadline for SURE 

applications

The deadline to submit USDA Farm Service Agency 2008 Supplemental Revenue Assistance (SURE) program payment applications is close of business on September 30, 2010.

Applications not filed by September 30, 2010, will not receive a payment.

SURE provides crop disaster assistance payments to eligible producers on farms that have incurred crop production or crop quality losses.

The program takes into consideration crop losses on all crops grown by a producer nationwide.

SURE provides assistance in an amount equal to 60 percent of the difference between the SURE farm guarantee and total farm revenue.

The farm guarantee is based on the amount of crop insurance and Non-insured Crop Disaster Assistance Program (NAP) coverage on the farm.

Total farm revenue takes into account the actual value of production on the farm as well as insurance indemnities and certain farm program payments.

To be eligible for SURE, producers must have suffered at least a 10 percent production loss on a crop of economic significance.

In addition, producers must meet the risk management purchase requirement by either obtaining a policy or plan of insurance, under the Federal Crop Insurance Act or NAP coverage, for all economically significant crops.

For 2008 crops, producers had the opportunity to obtain a waiver of the risk management purchase requirement through a buy-in provision.

Producers considered socially disadvantaged, a beginning farmer or rancher, or a limited resource farmer may be eligible for SURE without a policy or plan of insurance or NAP coverage.

Succession in

interest

If you have made any changes that affect your interest in base acres since you signed your last Direct and Counter-cyclical Program contract, you must report these successions-in-interest to the county committee by September 30, so that a final determination can be made on who is eligible for the program on the farm.

Changes that qualify as a succession-in-interest iA sale of land

A change of operator or producer, including an increase or decrease in the number of partners

A foreclosure, bankruptcy or involuntary loss of the farm.

A change in producer shares to reflect changes in the producer's share of the crop(s) that were originally approved on the contract.

If a succession-in-interest has taken place, you, as the "predecessor," are required to refund any advance DCP payments you received for the affected base acres before a payment can be made to the "successor."

Not reporting a succession-in-interest can result in contract termination and a loss of program benefits for all producers involved.

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