Agriculture News: Getting into corn, soybeans? Here are programs to help you

By Keenan Bishop, Published:

As I’ve said before, recent record corn and soybean prices have local farmers jumping into the role as grain farmers hoping to cash in on the high returns. This means that most are new to grain production and have a learning curve to deal with as well as what nature throws out at you. The following should be considered when deciding on your enterprises for 2013.

The U.S. Department of Agriculture’s Farm Service Agency (FSA) wants to remind producers that the American Taxpayer Relief Act of 2012 extended the authorization of the Food, Conservation, and Energy Act of 2008 (the 2008 Farm Bill) for many Commodity Credit Corporation (CCC) commodities, disaster and conservation programs through 2013. FSA administers these programs.  

The extended programs include, among others: the Direct and Counter-Cyclical Payment Program (DCP), the Average Crop Revenue Election Program (ACRE) and the Milk Income Loss Contract Program (MILC). FSA is preparing the following actions:

FSA will begin sign-ups for DCP and ACRE for the 2013 crops Feb. 19. The DCP sign-up period will end Aug. 2; the ACRE sign-up period will end June 3. 

The 2013 DCP and ACRE program provisions are unchanged from 2012, except that all eligible participants in 2013 may choose to enroll in either DCP or ACRE for the 2013 crop year. This means eligible producers who were enrolled in ACRE in 2012 may elect to enroll in DCP in 2013 or may re-enroll in ACRE in 2013 (and vice versa).  

All dairy producers’ MILC contracts are automatically extended to Sept. 30. Eligible producers therefore do not need to re-enroll in MILC. Specific details regarding certain modifications to MILC will be released soon. 

FSA will provide producers with information on program requirements, updates and signups as the information becomes available. Any additional details will be posted on FSA’s website. 

For more information about the programs and loans administered by FSA, visit the office, 182 Beasley Road in Versailles, call 888-229-9795 or go to www.fsa.usda.gov.

If you are wanting to crunch some numbers to help with the decision making, use the UK Budget Calculator at http://www.ca.uky.edu/agecon/index.php?p=29. You can put in all your fixed and variable costs and find out what your break-even cost and yield is.

For the growing calendars and all other grain info visit http://www.uky.edu/Ag/GrainCrops/corn.htm for corn and http://www.uky.edu/Ag/GrainCrops/soybean.htm for soybeans. If you aren’t hooked to the Internet, stop by the office and we can print these out for you.

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