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Farm Service Agency News

Fri, Apr 23rd, 2010
Posted in Agriculture

Direct and Counter Cyclical Program (DCP) Deadline June 1, 2010

You can sign-up online or at local USDA Service Centers until Tuesday, June 1, 2010. This deadline is mandatory for all participants. FSA will not accept any late-filed applications.

FSA computes DCP Program payments using base acres and payment yields established for each farm. You may request to receive advance direct payments at sign-up based on 22 percent of the direct payment for each commodity associated with the farm. Counter-cyclical payments, depending on the market prices, are issued only when the effective price for a commodity is determined below the target price.

The electronic DCP (or eDCP) service is available to anyone eligible to participate in the DCP Program and can be accessed at www.fsa.usda.gov/dcp. To access this on-line service, you must have an active USDA eAuthentication Level 2 account, which requires filling out an online registration form at http://www.eauth.egov.usda.gov followed by a visit to the local USDA Service Center for identity verification.

Average Crop Revenue Election (ACRE)

The Average Crop Revenue Election (ACRE) began in crop year 2009. Through ACRE, the Farm Service Agency (FSA) offers producers an alternative to Direct and Counter-cyclical (DCP) payments. The ACRE alternative provides eligible producers a state-level revenue guarantee, based on the five-year state Olympic average yield and the two-year national average price.

The enrollment date for 2010 ACRE is June 1, 2010.

ACRE payments are made when both state- and farm-level triggers are met. By participating in ACRE, producers elect to forgo counter-cyclical payments. Producers also elect to receive a 20-percent reduction in direct payments and a 30-percent reduction in loan rates.

A decision to elect ACRE binds the producer to the program through the 2012 crop year, the last crop year covered by the 2008 Farm Bill. For more details contact your local FSA office

USDA is an equal opportunity provider and employer.

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