New Yield Data
FSA Announces New Yield Data for Safety Net Calculations
Farmers can Update Yield History through Feb. 27, 2015
U.S. Department of Agriculture Farm Service Agency (FSA) Administrator Val Dolcini today offered farmers new information to update program payment yields that will help them better select protections offered by the Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC) programs. The new programs, established by the 2014 Farm Bill, are cornerstones of the commodity farm safety, offering farmers protection when market forces cause substantial drops in crop prices and revenues.
Jeff Mitchell: "The Farm Bill provided landowners with the option of updating their farm program payment yields. This is the first time that many producers have been able to update yields since 1986," said Dolcini. "We've worked with the Risk Management Agency to make available certified yield data that producers can use to better calculate how the new safety net programs can offer the best protection against market swings."
Producers can check with their local FSA county office to see if data is available for them. This data belongs to the producer and only the producer associated with the crop insurance records will be provided this service. Updating yield history or reallocating base acres can occur until Feb. 27, 2015.
