Sign-up for disaster aid for soybean farmers closes December 9
U.S. Department of Agriculture Farm Service Agency State Executive Director Linda Hennen reminds producers that signup for the Crop Assistance Program (CAP) ends December 9, 2010. CAP provides up to $550 million in disaster assistance to producers of soybeans in disaster designated counties only that suffered losses because of excessive moisture or related conditions in 2009.
"Producers of these crops suffered quality and quantity losses caused by excess moisture in 2009," Hennen said. "This program will help with alleviate the impact of those losses."
Payments will be made available to producers of eligible crops that received Secretarial disaster designations due to excessive moisture or related conditions in 2009. A list of eligible disaster counties for CAP is located at http://disaster.fsa.usda.gov . Producers of eligible crops on farms in disaster counties who certify to a 5 percent or greater crop loss in 2009 due to excessive moisture or related conditions will receive a payment based on a predetermined payment rate times the planted acres of the crop. Per acre payment rates will be prorated by FSA in order to keep payments within available funds for the program. Producers will initially receive 75 percent or their CAP payment and once sign up is complete they will receive up to an additional 25 percent. The predetermined payment rate for Soybeans is $15.62 per acre..
The general eligibility provisions, payment limits and adjusted gross income limits that apply to FSA programs apply to CAP. No person or legal entity (excluding a joint venture or general partnership), may receive, directly or indirectly, more than $100,000 in CAP benefits. Additionally, CAP payments will be treated as 2009 revenue under the Supplemental Revenue Assistance Payments (SURE) Program.
For more information about USDA Farm Service Agency disaster assistance programs, visit a local FSA county office or http://disaster.fsa.usda.gov .