Time to update records, learn about new programs in Farm Bill
“A lot of farmers will benefit from updating their program yields because their production has increased from yields used to set those program yields many years ago,” he said.
USDA has not issued signup dates yet, but Barnaby believes that given the changes that come with the new legislation, June 1 is the earliest that farmers will have to make a decision about which program to choose. Signups could be as late as August, he added, noting that the Farm Service Agency has much work to do before signup, including writing and publishing implementation rules, software development for enrollment, and training for their county personnel.
New programs available under the new legislation include the Stacked Income Protection Plan (STAX) for cotton and a new program for dairy producers.
Total commodity support program payments under the new farm bill (independent from crop insurance payments) will be limited to $125,000 per individual or $250,000 per couple.
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