Lincoln, NE, Jan. 5, 2015 — U.S. Department of Agriculture Farm Service Agency (FSA) Administrator Val Dolcini offered farmers new information to update program payment yields that will help them better select protections offered by the Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC) programs. The new programs, established by the 2014 Farm Bill, are cornerstones of the commodity farm safety net, offering farmers protection when market forces cause substantial drops in crop prices and revenues.

FSA Announces New Yield Data for Safety Net Calculations

Contact:
Dan Steinkruger, State Executive Director, at (402) 437-5581
or dan.steinkruger@ne.usda.gov
FSA Website: http://www.fsa.usda.gov/ne

Farmers can Update Yield History through Feb. 27, 2015

Lincoln, NE, Jan. 5, 2015 — U.S. Department of Agriculture Farm Service Agency (FSA) Administrator Val Dolcini offered farmers new information to update program payment yields that will help them better select protections offered by the Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC) programs. The new programs, established by the 2014 Farm Bill, are cornerstones of the commodity farm safety net, offering farmers protection when market forces cause substantial drops in crop prices and revenues.

“The Farm Bill provided landowners with the option of updating their farm program payment yields. This is the first time that many producers have been able to update yields since 1986,” said Dolcini. “We’ve worked with the Risk Management Agency to make available certified yield data that producers can use to better calculate how the new safety net programs can offer the best protection against market swings.”

Producers can check with their local FSA Office to evaluate the data that is available for them. This data belongs to the producer and only the producer associated with the crop insurance records will be provided this service. Landowners can update yield history or reallocate base acres until the deadline of February 27, 2015.

FSA also issued a reminder that from Nov. 17, 2014, to March 31, 2015, producers will make a one-time election of either ARC or PLC for the 2014 through 2018 crop years.

Nebraska FSA Director, Dan Steinkruger noted, “The base and yield update and program election processes are in place. Farm owners and operators need to make an appointment with their local FSA Office as soon as possible to complete this work. We need to get this work completed before spring field work is started.” For more information, contact your local FSA Office.

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