FSA INFORMATION
KEEPING YOU AND YOUR OPERATION UP TO DATE!
SDRP II is now open for enrollment at your local FSA office. Stop in or make an appointment at your local FSA. They will run an RMA generated report that will include production units for 2023 and 2024 that exclude units previously covered in phase I.
SDRP II applications are pre-filled with numbers extracted from RMA based on crop insurance and FSA reporting. How these numbers were determined for APH-YIELD Based plans I have tried to explain below. Be advised that I am not a CPA, FSA or RMA employee and am providing support based on the information I have available to me at this time. This is for educational purposes only and should not replace the expertise of professionals in those fields.
If you farm by share: You will need to adjust your numbers beginning with the APH and wherever applicable. I.e. If your APH is 220 and you farm 50/50, your APH will be 110.
RMA Price 2023:
Corn 5.91
Soy 13.76
RMA Spring Price 2024
Corn 4.66
Soy 11.55
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For More Info USDA launched the 2023/2024 Supplemental Disaster Assistance public landing page where the status of USDA disaster assistance and block grant rollout timeline can be tracked. Additional USDA disaster assistance information can be found on farmers.gov.
TARIFF RELIEF
FARMER BRIDGE ASSISTANCE
USDA confirms ‘bridge payment’ for farmers.
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USDA will use a "uniform formula to cover a portion of modeled losses during the crop year."
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USDA will use Farm Service Agency-reported planted acres for crops. Because of that, USDA stated that farmers need to ensure their 2025 acreage reporting is correct by 5 p.m. ET on Dec. 19.
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USDA also will develop its payment formula using Economic Research Service cost of production estimates along with World Agricultural Supply & Demand Estimate yields and prices.
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Commodity-specific payment rates will be released at the end of December.
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USDA also noted, "Crop insurance linkage will not be required for the FBA program." Still, USDA encouraged farmers to use crop insurance, which has new incentives and protections under the One Big Beautiful Bill Act.
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USDA will have pre-filled applications for FBA.
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USDA officials said the program will have a $155,000 payment limit. Producers or legal entities also will have an adjusted gross income cap of $900,000.
