U.S. Department of Agriculture’s (USDA) Farm Service Agency (FSA) is offering farmers new information to update program payment yields.
The new yield data will help them better select protections offered by the Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC) programs. These programs, established by the 2014 Farm Bill, are cornerstones of the commodity farm safety, offering farmers protection when market forces cause substantial drops in crop prices and revenues, according to a USDA news release.
“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 FSA Administrator Val Dolcini.
Farmers can check with their local FSA county office to see if data 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.
Farmers can update yield history or reallocate base acres through Feb. 27, 2015.