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Friday, Sep. 19, 2014

End Rows for Aug. 23, 2011

Monday, August 22, 2011

Producers who want to purchase coverage through the Noninsurable Crop Disaster Assistance Program (NAP) need to apply soon. The sales closing date for many crops is in September.

September 1 is the closing date for greens, value loss crops, and controlled environment crops.

September 30 is the closing date for strawberries and fall-seeded small grains.

NAP provides financial assistance to producers of noninsurable crops when low yields, loss of inventory or prevented planting occur due to normal disasters.

In order to meet eligibility requirements for NAP, crops must be noninsurable, commercially-produced agricultural commodity crops for which the catastrophic risk protection level of crop insurance is not available.

If the Risk Management Agency (RMA) offers coverage for a crop in the county, then NAP coverage is not available for that crop.

In the event of a natural disaster, NAP covers the amount of loss greater than 50 percent of the expected production based on the approved yield and reported acreage.

Eligible producers can apply for coverage by filing the application and paying the service fee by the sales closing date.

The service fee is the lesser of $250 per crop or $750 per producer per administrative county, not to exceed a total of $1,875 for a producer with farming interests in multiple counties.

Limited resource producers may request a waiver of service fees.

Risk management coverage is required for all economically significant crops in order to be eligible for the Supplemental Revenue Assistance (SURE) Program.

ACRE production due Sept. 1

Producers who enrolled in the Average Crop Revenue Election (ACRE) Program must certify production in order to participate.

The deadline for 2010 production certification was extended to COB September 1, 2011.

The extension is for completing both the farm benchmark yield (2005 through 2009) and the actual farm yield (2010).

USDA reminds producers to file AGI consent forms with the IRS

In order to receive USDA program payments, each payment recipient must have an Adjusted Gross Income (AGI) verification consent form on file with the Internal Revenue Service (IRS).

The consent form authorizes IRS to verify for FSA whether a payment recipient's AGI meets the eligibility requirements for FSA programs.

The form became a requirement for payment eligibility beginning with the 2009 crop year, however many program participants have not complied with this requirement.

IRS and USDA reports show that, nationwide, FSA is still missing the required consent forms from many producers for 2009 and 2010.

To avoid an interruption of program payments, producers need to turn these forms in to the IRS immediately if they have not done so already.

--Individuals must submit form CCC-927and legal entities must submit form CCC-928.

--Without these forms on file, producers will not receive USDA program payments.

--These consent forms are required for payments received from the Natural Resources Conservation Service (NRCS) as well as those received through FSA.

These forms are available at any FSA county office and must be returned to the IRS when completed.

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