Guides to understanding the farm bill
To help farmers and ranchers understand the new provisions in the Agricultural Act of 2014, the Farm Service Agency (FSA) has outlined the information in a fact sheet.
Adjusted gross income (AGI), payment limitations compliance, marketing assistance loans (MALs), disaster programs and dairy programs are explained. Details for base allocation and yield updates, along with Price Loss Coverage (PLC) and Agricultural Risk Coverage (ARC), also are included.
Farmers and ranchers are encouraged to speak with their local FSA office for information specific to their area.