Agricultural News
Oklahoma Farm Service Agency Announces 2012 DCP & ACRE Signup Period
Tue, 01 Nov 2011 15:27:45 CDT
Francie Tolle, executive director for Oklahoma Farm Service Agency (FSA), announced that FSA County Offices will begin enrollment for the 2012 Direct and Counter-cyclical Program (DCP) and the 2012 Average Crop Revenue Election Program (ACRE) Program on January 23, 2012.
Signup for DCP and ACRE will continue through June 1, 2012. The DCP and ACRE programs do not provide for an advance direct payment for the 2012 crop year. Final payments will be issued after October 1, 2012. The Direct and Counter-Cyclical Program (DCP) provides producers an income safety net in the form of annual direct payments and counter-cyclical payments when commodity prices fall below certain levels.
The ACRE program provides eligible producers a state-level revenue guarantee, based on the 5-year state Olympic average yield and the 2-year national average price. ACRE payments are made when both state and farm-level triggers are met. By participating in ACRE, producers elect to forgo counter-cyclical payments, receive a 20-percent reduction in direct payments and a 30-percent reduction in loan rates. The decision to elect ACRE binds the farm to the program through the 2012 crop year. Planted crops considered eligible for ACRE payments include: wheat, barley, oats, grain sorghum, corn, upland cotton, peanuts, pulse crops (dry peas, lentils, chickpeas or garbanzo beans), rice, soybeans, and other oilseeds (canola, crambe, flaxseed, mustard seed, rapeseed, safflower, sesame seed).
The 2012 DCP and ACRE contract signatures for enrollment are due by the signup deadline of June 1, 2012.
For more info, visit your County FSA office or click here to visit them online.
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