New Farm Bill Offers Increased Opportunities for Producers The 2014 Farm Bill offers increased opportunities for producers including farm loan program modifications that create flexibility for new and existing farmers. A fact sheet outlining modifications to the U.S. Department of Agriculture's (USDA) Farm Service Agency (FSA) Farm Loan Programs is available here. The Farm Bill expands lending opportunities for thousands of farmers and ranchers to begin and continue operations, including greater flexibility in determining eligibility, raising loan limits, and emphasizing beginning and socially disadvantaged producers. Changes that will take effect immediately include: · Elimination of the 15 year term limit for guaranteed operating loans. · Modification of the definition of beginning farmer, using the average farm size for the county as a qualifier instead of the median farm size. · Modification of the Joint Financing Direct Farm Ownership Interest Rate to 2 percent less than regular Direct Farm Ownership rate, with a floor of 2.5 percent. Previously, the rate was established at 5 percent. · Increase of the maximum loan amount for Direct Farm Ownership Down Payment Loan Program from $225,000 to $300,000. · Elimination of rural residency requirement for Youth Loans, allowing urban youth to benefit. · Debt forgiveness on Youth Loans, which will not prevent borrowers from obtaining additional loans from the federal government. · Increase of the guaranteed percentage on Conservation Loans from 75 to 80 percent and 90 percent for socially disadvantaged borrowers and beginning farmers. · Microloans will not count toward direct operating loan term limits for veterans and beginning farmers. Additional modifications must be implemented through the rulemaking processes. Visit the FSA Farm Bill website for detailed information and updates to farm loan programs. Hay Net Producers are encouraged to use Hay Net on the FSA website (http://www.fsa.usda.gov/haynet). This online service allows producers with hay and those who need hay to post ads so they can make connections. Hay Net is a popular site for farmers and ranchers who have an emergency need. Individual ads can be posted free of charge by producers who complete a simple online registration form the first time they use the site. 2014 Acreage Reporting Dates In order to comply with FSA program eligibility requirements, all producers are encouraged to visit the Clarendon County FSA office to file an accurate crop certification report by the applicable deadline. The following acreage reporting dates are applicable for Clarendon County: July 15, 2014: Corn, Cotton, Flue-Cured Tobacco, Grain Sorghum, Peanuts, Soybeans, CRP, Trees, all other NAP crops and all other crops and land uses August 15, 2014: Tomatoes (Planted 7/1-7/15) November 15, 2014 PRF/Perennial Forage (All Perennial grasses intended for hay, grazing or sod), Apiculture November 30, 2014 Clams The following exceptions apply to the above acreage reporting dates: · If the crop has not been planted by the above acreage reporting date, then the acreage must be reported no later than 15 calendar days after planting is completed. · If a producer acquires additional acreage after the above acreage reporting date, then the acreage must be reported no later than 30 calendars days after purchase or acquiring the lease. Appropriate documentation must be provided to the county office. · If a perennial forage crop is reported with the intended use of "cover only," "green manure," "left standing," or "seed," then the acreage must be reported by July 15th. Noninsured Crop Disaster Assistance Program (NAP) policy holders should note that the acreage reporting date for NAP covered crops is the earlier of the dates listed above or 15 calendar days before grazing or harvesting of the crop begins. For questions regarding crop certification and crop loss reports, please contact the Clarendon County FSA office at (803)435-2201. Farm Reconstitutions When changes in farm ownership or operation take place, a farm reconstitution is necessary. The reconstitution — or recon — is the process of combining or dividing farms or tracts of land based on the farming operation. The following are the different methods used when doing a farm recon. Estate Method — the division of bases, allotments and quotas for a parent farm among heirs in settling an estate; Designation of Landowner Method — may be used when (1) part of a farm is sold or ownership is transferred; (2) an entire farm is sold to two or more persons; (3) farm ownership is transferred to two or more persons; (4) part of a tract is sold or ownership is transferred; (5) a tract is sold to two or more persons; or (6) tract ownership is transferred to two or more persons. In order to use this method the land sold must have been owned for at least three years, or a waiver granted, and the buyer and seller must sign a Memorandum of Understanding; DCP Cropland Method — the division of bases in the same proportion that the DCP cropland for each resulting tract relates to the DCP cropland on the parent tract; Default Method — the division of bases for a parent farm with each tract maintaining the bases attributed to the tract level when the reconstitution is initiated in the system. USDA is an equal opportunity provider and employer. To file a complaint of discrimination, write: USDA, Office of the Assistant Secretary for Civil Rights, Office of Adjudication, 1400 Independence Ave., SW, Washington, DC 20250-9410 or call (866) 632-9992 (Toll-free Customer Service), (800) 877-8339 (Local or Federal relay), (866) 377-8642 (Relay voice users). |
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