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2012-02-23

USDA 2012 DCP & ACRE sign-up continues

Announcement

Kerr-Bandera County USDA Farm Service Agency (FSA) Executive Director Joel Gourley announced that on-going sign-up for the 2012 Direct and Counter-cyclical Program (DCP) and the Average Crop Revenue Election (ACRE) Program will continue through June 1.
"I encourage producers to make an appointment with our office to sign-up for program benefits," said Gourley.
Eligible DCP participants receive a direct payment and-or a counter-cyclical payment. Direct payment rates are established by statute regardless of market prices. FSA reminds producers that the 2008 Farm Bill does not authorize advance direct payments. Counter-cyclical payments vary depending on market prices, and are issued only when the effective price for a commodity is below its target price. This takes into account the direct payment rate, market price and loan rate.
ACRE protects producers from farm market revenue declines when revenue triggers are met for a commodity at both the state and farm level. Farms that are already enrolled in the Direct and Counter-Cyclical Program (DCP) for a crop year can elect to switch to ACRE before the end of signup.
Both DCP and ACRE participants must sign annual contracts to be eligible for program benefits. All signatures of producers who will receive a share of DCP and ACRE payments must be on file by the June 1 deadline.
For more information about DCP and ACRE, contact the Kerr-Bandera County FSA office at 830-896-4911 Ext. 2, or visit www.fsa.usda.gov/tx.