FSA notes by Keith Zanter Reminders Before Harvest and LDP/Loan Season Begins:
"LDP's are working" on some crops and it appears that they will on corn and possible soybeans at harvest.
Today, there is a 16 cent LDP on spring wheat and the PCP for corn and soybeans is only 4 and 80 cents over loan rate, respectively. Therefore, please remember to watch the prices as we approach harvest time.
With the decline in prices, the office encourages all participants receiving a share in the crop to file a CCC-709 "Field Direct" form prior to harvest to eliminate any problems.
Remember: The "Field Direct" CCC-709 forms must be signed and in the office before harvest begins. These forms cover grain hauled directly to the elevator from the field. Operators ��please check with your owners to make sure they have completed and returned their 709's.
crp Sign-Up Announced
A general CRP sign-up 29 will be held on Aug. 30 through Sept. 24, 2004. Producers who offer acres for enrollment into CRP agree to plant long term, resource conserving covers. Approved producers will then receive annual rental payments and cost-share assistance for practice establishment. The cost share assistance can not exceed 50 percent of the cost to implement the practice. The length of the contract is from 10 to 15 years.
Current CRP participants with contracts that will expire Sept. 30, or Sept. 30, 2005 may submit new offers during the CRP sign-up 29.
Contracts awarded under the CRP sign-up 29 will become effective either Oct. 1, 2005 or Oct. 1, 2006.
To be eligible for CRP enrollment, producers must have owned or operated the land for at least 12 months prior to close of the CRP sign-up period.
Land eligible for enrollment must be planted or considered planted to an agricultural commodity four of the six crop years from 1996 to 2001. It must be physically and legally capable to be planted in a normal manner to an agricultural commodity.
Offering acres for enrollment in a general CRP sign-up does not guarantee a contract. FSA will evaluate and rank CRP offers using the Environmental Benefits Index (EBI) for environmental benefits gained from enrolling land into CRP. Eligible offers will be ranked in comparison to all other offers and selections made from that ranking.
Decisions on the EBI cutoff will be made after the sign-up ends. The demand to enroll land into CRP is expected to be greater than the amount of land that can be accepted. This means there will be a very competitive bidding process. If you are interested in offering land in the general CRP sign-up 29, please contact the Clay County FSA Office for more details or to make an appointment.