The Agriculture Act of 2014 – also known as the Farm Bill – eliminates direct payments and continues crop insurance – with changes -- boosting its role as the key component of the farm safety net.
*Beginning with the 2014 crop year, farmers and landowners will need to make some critical risk management decisions. Some of the most critical decisions relate to the enrollment in one of two new programs: 1) Price Loss Coverage (PLC) and the related Supplemental Coverage Option (SCO) and 2) Agriculture Risk Coverage (ARC). Others include the one-time opportunity to update to payment yields established under the 2008 farm bill to 90% of their 2008-2012 average yields and to reallocate current base acres to reflect their cropping pattern in 2009-2012.
Farm Credit Services of America is dedicated to providing you with information and resources to help you better understand the farm bill provisions, Commodity Title specifics and crop insurance changes and options. A video sponsored by us and presented by Art Barnaby, extension agricultural economist at Kansas State University, “2014 Farm Bill: Commodity and Crop Insurance Programs” offers some very useful data and guidance.
We will continue to offer information and provide additional opportunities for learning here, one-on-one with our crop insurance specialists and through group meetings such as our December and January GrowingOn® 2015 meetings.
Other additional Farm Bill resources:
U.S. Senate Committee on Agriculture Nutrition & Forestry, USDA, FSA and RMA Resources
Beginning Farmer and Rancher Benefits for Federal Crop Insurance
Native Sod Guidelines for Federal Crop Insurance
2014 Farm Bill Fact Sheet - July 2014
Supplemental Coverage Option for
Federal Crop Insurance
Crop Year 2015 Supplemental Coverage Option (SCO) Availability for Wheat
Supplemental Coverage Option (SCO) Endorsement
Conservation Compliance and Form AD-1026
University/Extension Services Resources
Farm Policy Facts Organization Resources
National Crop Insurance Services Resources
American Farm Bureau Resources
*Please note that the final rules and interpretations will come from the USDA, FSA and RMA at a future date.
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