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Agricultural News


No Early Outs to Be Permitted from CRP- Ed Schafer

Tue, 29 Jul 2008 14:03:42 CDT

No Early Outs to Be Permitted from CRP- Ed Schafer Secretary of Agriculture Ed Schafer has announced on Tuesday afternoon that there will be no "early out" for contract holders of the Conservation Reserve Program- he cited expectations for an adequate corn crop in 2008 and the further expectation that millions of acres may opt out of CRP as those contracts end. Schafer says that this September 2.1 million acres will be up for renewal, September 2009 will see 2.8 million acres up for renewal and September 2010 4.4 million acres will see the end of their current contract- and could either exit the program or be "re-upped."

Schafer adds that 50% more acres of land this year versus last year came out early from the CRP, with landowners willing to accept the penalties that are now in place.

John Johnson of the FSA says that in April of this year a total of 34,000 acres were paid out of CRP, while in May that number was right at 37,000 acres- well above anything seen in recent years.


Linked below is the statement made by Secretary Schafer to reporters on Tuesday.




   


   

Secretary Schafer Announces USDA's Decision Not to Offer Early Out Without Penalty from CRP
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