Farm Bill Update Info

Some important websites:

FSA Federal website: Lots of useful information.

·        http://www.fsa.usda.gov/FSA

Click under Popular Topics – Agricultural Risk Coverage / Price Loss Coverage

The Agricultural & Food Policy Center @ Texas A&M

·        https://www.afpc.tamu.edu/

Click under Current Topics – 2014 Farm Bill Programs and Insurance Decision Aid

o   This online tool is used to help you evaluate which program will best fit your program.

Click under Farm Policy Minute Link – List of Podcasts that explain Farm Bill

Blogs: (online newsletter) – Updated information from Luther and Patrick

·        http://currycountyagriculture.blogspot.com/

·        http://rooseveltcountyag.blogspot.com/

 

Some Definitions:

PLC – Price Loss Coverage

·        Price Protection Program

·        Payments issued when prices for covered commodities fall below the reference price

ARC-CO – Agricultural Risk Coverage – County Level

·        Revenue based program

·        Designed to cover a portion of “out of pocket” loss – (Shallow Loss)

·        Payments made when revenue falls below Benchmark Revenue Levels

·        Works from County Level historic revenue

ARC –IC - Agricultural Risk Coverage – Individual Level

·        Revenue loss coverage at the farm level for ALL acreage planted to all covered commodities, across all Farm’s enrolled in the State

·        ARC-IC is “Elected” for ALL covered commodities at the farm level

·        Requires commodity to be planted

·        Production reports are required