farm bill 2014 update...fact sheet what’s in the 2014 farm bill for fsa customers march 2014...

University of Wyoming Extension - Sustainable AG & Horticulture in cooperation with Wyoming Farm Service Agency will offer a

series of meetings covering details of the new farm programs.

Highlights include: base acre update, yield update, Agriculture Risk Coverage (ARC-CO/IC), Price Loss Coverage (PLC), the Supplemental Coverage Option (SCO), Non-insured Crop Disaster Assistance (NAP) buy-up coverage, online decision tools, analyzing information for your farm, and more....

E x t e n s i o n AG & Horticulture

December 12- 10AM Worland Community Center 1200 Culbertson Ave. | WorlandDecember 15- 10AM Cheyenne LCCC Health Sciences - Rm. 111 1400 E. College Drive | CheyenneDecember 15- 2PM Wheatland First State Bank 1405 16th Street | WheatlandDecember 16- 10AM Torrington Platte Valley Bank 2201 Main Street | TorringtonDecember 17- 10AM Riverton Fremont County Fairgrounds 1010 Fairgrounds Road | RivertonDecember 17- 2PM Wind River Wind River Casino - Training Room Casino 2 miles south of Riverton | Hwy 789December 18- 10AM Powell UW Research and Extension Center 747 Road 9 | PowellDecember 19- 10AM Gillette Campbell County Library - WY Room 2101 South 4-J Road | Gillette

Dates Locations

UpdateFarm Bill 2014

Presenters: Dr. Nicole Ballenger, UW Ag & Applied Economics

John Hewlett, UW Farm/Ranch Management Specialist Farm Service Agency, Farm Program Specialists

For more information, contact:John Hewlett | 307.766.2166 | [email protected]

Farm Bill Update of 20

2014 Farm Bill

Page 1

UNITED STATES DEPARTMENT OF AGRICULTUREFARM SERVICE AGENCY FACT SHEET

March 2014

What’s in the 2014 Farm Bill for Farm Service Agency Customers

The Agricultural Act of 2014 (the Act), also known as the 2014 Farm Bill, was signed by President Obama on Feb. 7, 2014. The Act repeals certain programs, continues some programs with modifications, and authorizes several new programs administered by the Farm Service Agency (FSA). Most of these programs are authorized and funded through 2018.

OVERVIEW

The Direct and Counter-Cyclical Program and the Average Crop Revenue Election program are repealed and two new programs are established: Price Loss Coverage (PLC) and Agricultural Risk Coverage (ARC). Upland cotton is the only covered commod-ity that is no longer eligible to participate in these programs, but rather, becomes eligible for the new Stacked Income Protection Plan (STAX) offered by the Risk Management Agency (RMA). Until STAX becomes available, upland cotton is eligible for transition payments made by FSA for 2014 and 2015 crops.

The Marketing Assistance Loan program and sugar loans continue mostly unchanged. The Milk Income Loss Contract Program continues through Sept. 1, 2014, unless it is replaced by the Dairy Margin Pro-tection Program prior to that date.

The Conservation Reserve Program (CRP), USDA’s largest conservation program, continues through 2018 with an annually decreasing enrolled acreage cap. The contract portion of the Grassland Reserve Program enrollment has been merged with CRP. The Biomass Crop Assistance Program is extended and funded at $25 million per year.

The Noninsured Crop Disaster Assistance Program has been expanded to include protection at higher coverage levels, similar to buy-up provisions offered under the federal crop insurance program. The Livestock Forage Disaster Program, the Livestock Indemnity Program, the Emergency Assistance for Livestock, Honeybees, and Farm-Raised Fish, and the Tree Assistance Program are continued, with modifications starting in October 2011, and succeeding years. The Supplemental Revenue Assistance Program (SURE), which covered

losses through Sept. 30, 2011, is not reauthorized.

The credit title of the Act continues and improves the direct and guaranteed loan programs that provide thousands of America’s farmers and ranchers the opportunity to obtain the credit they need to begin and continue their operations. The changes in the Act provide FSA greater flexibility in determining eligibility including expanded definitions of eligible entities, years of experience for farm ownership loans, and allowing youth loan applicants from urban areas to access loans. FSA’s popular microloan and down payment loan programs, important to furthering the Administration’s objective of assisting beginning farmers, have been improved by raising loan limits and emphasizing beginning and socially disadvan-taged producers. The Act also provides greater enhancements for lenders to participate in the guaranteed conservation loan program and eliminates term limits for the guaranteed operating program, allowing farmers and ranchers the opportunity for continued credit in cases where finan-cial setbacks may have prevented them from obtain-ing commercial credit. ADJUSTED GROSS INCOME

Adjusted gross income (AGI) provisions have been simplified and modified. Producers whose average AGI exceeds $900,000 are not eligible to receive payments or benefits from most programs administered by FSA and the Natural Resources Conservation Service (NRCS). Previous AGI provi-sions distinguished between farm and non-farm AGI.

PAYMENT LIMITATIONS

The total amount of payments received, directly and indirectly, by a person or legal entity (except joint ventures or general partnerships) for Price Loss Coverage, Agricultural Risk Coverage, marketing loan gains, and loan deficiency payments (other than for peanuts), may not exceed $125,000 per crop year. A person or legal entity that receives payments for peanuts has a separate $125,000 payment limitation.


FACT SHEETWhat’s in the 2014 Farm Bill for FSA Customers March 2014

Cotton transition payments are limited to $40,000 per year. For the livestock disaster programs, a total $125,000 annual limitation applies for payments under the Livestock Indemnity Program, the Livestock Forage Program, and the Emergency Assistance for Livestock, Honeybees and Farm-Raised Fish program. A separate $125,000 annual limitation applies to payments under the Tree Assistance Program. ACTIVELY ENGAGED IN FARMING

Producers who participate in the Price Loss Coverage or Agricultural Risk Coverage programs are required to provide significant contributions to the farming operation to be considered as “actively engaged in farming.” The Act requires the Secretary to promulgate regulations to define “significant con-tribution of active personal management” as part of this determination.

COMPLIANCE

The Act continues to require an acreage report for all cropland on the farm. The acreage report is required to be eligible for Price Loss Coverage; Agriculture Risk Coverage; transition assistance for producers of upland cotton; marketing assistance loans; and loan deficiency payments.

Compliance with Highly Erodible Land Conservation (HELC) and Wetland Conservation (WC) provisions continues to be required for participation in most FSA and NRCS programs. These provisions place restrictions on the planting of an agricultural commodity on highly erodible land or wetlands. Further, they prohibit the conversion of a wetland to make possible the production of an agricultural commodity.

The Act adds premium assistance for crop insurance as a benefit subject to compliance with HELC and WC provisions. New provisions are cre-ated for determinations, administration, and penalties relating to HELC and WC provisions that are unique to crop insurance. FSA will make HELC/WC eligi-bility determinations for crop insurance participants based on NRCS technical determinations of HELC/WC compliance.

PRICE LOSS COVERAGE (PLC) AND AGRICULTURAL RISK COVERAGE (ARC)

Base Reallocation and Yield Updates: Owners of farms that participate in PLC or ARC programs for the 2014-2018 crops have a one-time opportunity to: (1) maintain the farm’s 2013 bases through 2018; or (2) reallocate base acres (excluding cotton bases). Covered commodities include wheat, oats, barley, corn, grain sorghum, rice, soybeans, sunflower seed, rapeseed, canola, safflower, flaxseed, mustard seed, crambe and sesame seed, dry peas, lentils, small chickpeas, large chickpeas and peanuts. Upland cot-ton is no longer considered a covered commodity, but the upland cotton base acres on the farm are renamed “generic” base acres. Producers may receive pay-ments on generic base acres if those acres are planted to a covered commodity.

A producer also has the opportunity to update the program payment yield for each covered commodity based on 90 percent of the farm’s 2008-2012 average yield per planted acre, excluding any year when no acreage was planted to the covered commodity. Program payment yields are used to de-termine payment amounts for the Price Loss Cover-age program.

Price Loss Coverage: Payments are issued when the effective price of a covered commodity is less than the respective reference price for that commodity established in the statute. The payment is equal to 85 percent of the base acres of the covered commodity times the difference between the reference price and the effective price times the program payment yield for the covered commodity.

County ARC: Payments are issued when the actual county crop revenue of a covered commodity is less than the ARC county guarantee for the covered commodity and are based on county data, not farm data. The ARC county guarantee equals 86 percent of the previous five-year average national farm price, excluding the years with the highest and lowest price (the ARC guarantee price), times the five-year average county yield, excluding the years with the highest and lowest yield (the ARC county guarantee yield). Both the guarantee and actual revenue are computed using base acres, not planted acres. The payment is equal to 85 percent of the base acres of the covered commodity times the difference between

Page 2


the county guarantee and the actual county crop rev-enue for the covered commodity. Payments may not exceed 10 percent of the benchmark county revenue (the ARC guarantee price times the ARC county guarantee yield).

Individual ARC: Payments are issued when the actual individual crop revenues, summed across all covered commodities on the farm, are less than ARC individual guarantees summed across those covered commodities on the farm. The farm for individual ARC purposes is the sum of the producer’s interest in all ARC farms in the state. The farm’s ARC individu-al guarantee equals 86 percent of the farm’s individu-al benchmark guarantee, which is defined as the ARC guarantee price times the five-year average individual yield, excluding the years with the highest and lowest yields, and summing across all crops on the farm. The actual revenue is computed in a similar fashion, with both the guarantee and actual revenue computed using planted acreage on the farm. The individual ARC payment equals: 65 percent of the sum of the base acres of all covered commodities on the farm, times the difference between the individual guarantee revenue and the actual individual crop revenue across all covered commodities planted on the farm. Payments may not exceed 10 percent of the individual benchmark revenue.

Election Required: All of the producers on a farm must make a one-time, unanimous election of: (1) PLC/County ARC on a covered-commodity-by-covered-commodity basis; or (2) Individual ARC for all covered commodities on the farm. If the producers on the farm elect PLC/County ARC, the producers must also make a one-time election to select which base acres on the farm are enrolled in PLC and which base acres are enrolled in County ARC. Alternatively, if individual ARC is selected, then every covered commodity on the farm must participate in individual ARC. The election between ARC and PLC is made in 2014 and is in effect for the 2014 – 2018 crop years. If an election is not made in 2014, the farm may not participate in either PLC or ARC for the 2014 crop year and the producers on the farm are deemed to have elected PLC for subsequent crop years, but must still enroll their farm to receive coverage. If the sum of the base acres on a farm is 10 acres or less, the producer on that farm may not receive PLC or ARC payments, unless the producer is a socially disadvantaged farmer or rancher or is a limited resource farmer or rancher. Payments for

PLC and ARC are issued after the end of the respec-tive crop year, but not before Oct. 1.

In 2015, producers in PLC have an additional option. Producers enrolling in PLC, and who also participate in the federal crop insurance program, may, beginning with the 2015 crop, make the annual choice whether to purchase additional crop insurance coverage called the Supplemental Coverage Option (SCO). SCO provides the producer the option of covering a portion of his or her crop insurance deductible and is based on expected county yields or revenue. The cost of SCO is subsidized and indemni-ties are determined by the yield or revenue loss for the county or area.

Crops for which the producer has elected to receive ARC are not eligible for SCO benefits.

Producers who enroll their 2015 crop of winter wheat in SCO may elect to withdraw from SCO prior to their acreage reporting date without any penalty. This allows producers additional time to make an informed decision related to whether to enroll in the Agricultural Risk Coverage program (ARC) or the Price Loss Coverage (PLC) program. If they choose ARC, they will not be charged a crop insurance premium so long as they withdraw from SCO prior to their acreage reporting date.

COTTON TRANSITION PAYMENTS

For the 2014 crop year, transition payments are provided to cotton producers on farms that had cotton base acres in 2013. For the 2015 crop year, transi-tion payments will only be offered in counties where STAX is unavailable.

MARKETING ASSISTANCE LOANS (MALS) AND SUGAR LOANS

The Act extends the authority for sugar loans for the 2014 – 2018 crop years and nonrecourse marketing assistance loans (MALs) and loan deficiency payment (LDPs) for the 2014 – 2018 crops of wheat, corn, grain sorghum, barley, oats, upland cotton, extra-long staple cotton, long grain rice, medium grain rice, soybeans, other oilseeds (including sunflower seed, rapeseed, canola, safflower, flaxseed, mustard seed, crambe and sesame seed), dry peas, lentils, small chickpeas, large chickpeas, graded and nongraded wool, mohair, honey, unshorn pelts and peanuts. Provisions are mostly unchanged from the 2008 Farm


Page 3



Bill, except marketing loan gains and loan deficiency payments are subject to payment limitations.

DAIRY PROGRAMS

The Act extends the Milk Income Loss Contract Program (MILC) from Oct. 1, 2013, through the earlier of the date on which the Secretary certifies that the Dairy Margin Protection Program is operational or Sept. 1, 2014. Dairy producers who were enrolled in 2013 do not need to re-apply. MILC payments are issued when the Boston Class I milk price falls below $16.94 per hundredweight (cwt), as adjusted by a dairy feed ration formula.

The Dairy Margin Protection Program replaces MILC and will be effective not later than Sept. 1, 2014, through Dec. 31, 2018. The margin protection program offers dairy producers: (1) cata-strophic coverage, at no cost to the producer, other than an annual $100 administrative fee; and (2) vari-ous levels of buy-up coverage. Catastrophic coverage provides payments to participating producers when the national dairy production margin is less than $4 per hundredweight (cwt). The national dairy produc-tion margin is the difference between the all-milk price and average feed costs. Producers may pur-chase buy-up coverage that provides payments when margins are between $4 and $8 per cwt. To participate in buy-up coverage, a producer must pay a premium that varies with the level of protection the producer elects.

In addition, the Act creates the Dairy Product Donation Program. This program is triggered in times of low operating margins for dairy producers, and requires USDA to purchase dairy products for donation to food banks and other feeding programs.

Dairy Indemnity Payment Program (DIPP)

The DIPP provides payments to dairy producers when a public regulatory agency directs them to remove their milk from the commercial market because it has been contaminated by pesticides and other residues.

CONSERVATION RESERVE PROGRAM (CRP)

The Act continues CRP with modifications. The acreage cap is gradually lowered to 24 million acres

for fiscal years 2017 and 2018. The requirement to reduce rental payments under emergency haying and grazing is eliminated. Rental payment reductions of not less than 25 percent are required for managed haying and grazing.

Producers also are given the opportunity for an “early-out” from their CRP contracts, but only in fiscal year 2015. The rental payment portion of the Grassland Reserve Program enrollment has been incorporated into the CRP.

The Transition Incentive Program (TIP) continues to allow for the transition of CRP land to a beginning or socially disadvantaged farmer or rancher so land can be returned to sustainable grazing or crop production. TIP now includes eligibility for military veterans (i.e., veteran farmers).

BIOMASS CROP ASSISTANCE PROGRAM (BCAP)

BCAP provides incentives to farmers, ranchers and forest landowners to establish, cultivate and harvest eligible biomass for heat, power, bio-based products, research and advanced biofuels. Crop producers and bioenergy facilities can team together to submit proposals to USDA for selection as a BCAP project area. BCAP has been extended through 2018 and is funded at $25 million per fiscal year.

NONINSURED CROP DISASTER ASSISTANCE PROGRAM (NAP)

NAP has been expanded to include buy-up protection, similar to buy-up provisions offered under the federal crop insurance program. Producers may elect coverage for each individual crop between 50 and 65 percent, in 5 percent increments, at 100 percent of the average market price. Producers also pay a fixed premium equal to 5.25 percent of the liability. The waiver of service fees has been expanded from just limited resource farmers also to include beginning farmers and socially disadvantaged farmers. The premiums for buy-up coverage are reduced by 50 percent for those same farmers. Grazing land is not eligible for buy-up coverage. NAP is also made available to producers that suffered a loss to a 2012 annual fruit crop grown on a bush or tree in a county declared a disaster by the Secretary due to a freeze or frost.

Page 4



a disaster by the Secretary due to a freeze or frost.

RTCP FOR GEOGRAPHICALLY DISADVANTAGED FARMERS AND RANCHERS

The Reimbursement Transportation Cost Payment Program (RTCP) is re-authorized to provide assistance to geographically disadvantaged farmers and ranchers for a portion of the transportation cost of certain agricultural commodities or inputs.

EMERGENCY LOANS A Secretarial disaster designation or a Presidential declaration provides producers with emergency loans to help cover the recovery costs for physical and production losses. Farm bill revisions expand the type of entities eligible for loans.

FARM OPERATING LOANS AND MICROLOANS

Farm Operating Direct and Guaranteed Loan Programs provide low-interest financing for produc-ers to purchase farm and ranch operating inputs. The FSA is authorized to implement the program through the Consolidated Farm and Rural Development Act, also known as the Con Act. The 2014 Farm Bill revisions expand the types of entities eligible, provide favorable interest rates for joint financing arrangements, increase loan limits for microloans, make youth loans available in urban areas, and eliminate term limits for guaranteed operating loans.

FARM OWNERSHIP LOANS

Farm Ownership Direct and Guaranteed Loan Pro-grams provide low-interest financing for producers to purchase farms and ranches and other real estate related needs. The FSA is authorized to implement the program through the Consolidated Farm and Rural Development Act, often referred to as the Con Act. The 2014 Farm Bill revisions expand the types of entities eligible, provide favorable interest rates for joint financing arrangements, provide a larger percent guarantee on guaranteed conservation loans, increase the loan limits for the down payment program, and authorize a relending program to assist Native

American producers purchase fractionated interests of land.

DISASTER PROGRAMS

The following four disaster programs authorized by the 2008 Farm Bill have been extended indefinitely (beyond the horizon of the Act). The programs are made retroactive to Oct. 1, 2011. Producers are no longer required to purchase crop insurance or NAP coverage to be eligible for these programs (the risk management purchase requirement) as mandated by the 2008 Farm Bill.

Livestock Forage Disaster Program (LFP): LFP provides compensation to eligible livestock producers that have suffered grazing losses due to drought or fire on land that is native or improved pastureland with permanent vegetative cover or that is planted specifically for grazing. LFP payments for drought are equal to 60 percent of the monthly feed cost for up to five months, depending upon the severity of the drought. LFP payments for fire on federally managed rangeland are equal to 50 percent of the monthly feed cost for the number of days the producer is prohibited from grazing the managed rangeland, not to exceed 180 calendar days.

Livestock Indemnity Program (LIP): LIP provides benefits to livestock producers for livestock deaths in excess of normal mortality caused by adverse weather or by attacks by animals reintroduced into the wild by the federal government. LIP payments are equal to 75 percent of the average fair market value of the livestock.

Emergency Assistance for Livestock, Honeybees, and Farm-Raised Fish (ELAP): ELAP provides emergency assistance to eligible producers of livestock, honeybees and farm-raised fish for losses due to disease (including cattle tick fever), adverse weather, or other conditions, such as blizzards and wildfires, not covered by LFP and LIP. Total pay-ments are capped at $20 million in a fiscal year.

Tree Assistance Program (TAP): TAP provides financial assistance to qualifying orchardists and nursery tree growers to replant or rehabilitate eligible trees, bushes, and vines damaged by natural disasters.

Page 5



FEEDSTOCK FLEXIBILITY PROGRAM (FFP)

FFP is continued through fiscal year 2018. Congress authorized the FFP in the 2008 Farm Bill, allowing for the purchase of sugar to be sold for the production of bioenergy in order to avoid forfeitures of sugar loan collateral under the Sugar Program.

NON-FARM BILL PROGRAMS

The following programs continue under laws other than the 2014 Farm Bill.

Emergency Conservation Program (ECP)ECP is authorized by Title IV of the Agricultural Credit Act of 1978, Section 401 (P.L. 95-334)(16 U.S.C. 2201). ECP provides emergency cost-share assistance to farmers and ranchers to help rehabilitate farmland and ranchland damaged by natural disasters and to carry out water conservation measures during periods of severe drought. Cost-share assistance may be offered only for emergency conservation practices to restore land to a condition similar to that existing prior to the natural disaster.

Emergency Forest Restoration Program (EFRP) EFRP is authorized by Title IV of the Agricultural Credit Act of 1978, Section 407 (16 U.S.C. 2206). EFRP was established to provide financial and tech-nical assistance to owners of non-industrial private forest land damaged by natural disaster to carry out emergency measures to restore damaged forests and rehabilitate forest resources.

Farm Storage Facility Loan Program (FSFL) FSFL provides low-interest financing for producers to build or upgrade farm storage and handling facilities.

Sugar Storage Facility Loan Program (SSFL)SSFL provides low-interest financing for processors to build or upgrade farm storage and handling facilities for raw or refined sugar.

The U.S. Department of Agriculture (USDA) prohibits dis-crimination against its customers, employees, and applicants for employment on the bases of race, color, national origin, age, disability, sex, gender identity, religion, reprisal, and where applicable, political beliefs, marital status, familial or parental status, sexual orientation, or all or part of an individual’s income is derived from any public assistance program, or protected genetic information in employment or in any program or activity conducted or funded by the Department. (Not all prohibited bases will apply to all programs and/or employment activities.) Persons with dis-abilities, who wish to file a program complaint, write to the address below or if you require alternative means of commu-nication for program information (e.g., Braille, large print, audiotape, etc.) please contact USDA’s TARGET Center at (202) 720-2600 (voice and TDD). Individuals who are deaf, hard of hearing, or have speech disabilities and wish to file either an EEO or program complaint, please contact USDA through the Federal Relay Service at (800) 877-8339 or (800) 845-6136 (in Spanish).

If you wish to file a Civil Rights program complaint of discrimination, complete the USDA Program Discrimination Complaint Form, found online at http://www.ascr.usda.gov/complaint_filing_cust.html, or at any USDA office, or call (866) 632-9992 to request the form. You may also write a letter containing all of the information requested in the form. Send your completed complaint form or letter by mail to U.S. Department of Agriculture, Director, Office of Adjudication, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410, by fax (202) 690-7442 or email at [email protected].

USDA is an equal opportunity provider and employer.

Page 6


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in a

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ent

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the

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p y

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are

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d

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m o

f th

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rest

in a

ll A

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he

stat

e.


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gram

Sid

e-b

y-Si

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on

De

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vere

d c

om

mo

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in t

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ill)

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has

an

inte

rest

.


2013 Wyoming

Crop Insurance

Profile

Insurance Plans Available in WYOMING

Insurable Crops Insured Acres Total Acres Percent Insured Alfalfa Seed 5,863 7,275 81% Barley 49,010 71,515 69% Corn 63,028 82,347 77% Dry Beans 28,088 30,790 91% Forage Production 122,164 339,321 36% Forage Seeding 4,310 25,000 17% Millet 1,318 12,853 10% Oats 4,299 20,686 21% Potatoes 126 137 92% Sugar Beets 24,166 30,196 80% Sunflowers 8,889 10,109 88% Wheat 132,030 142,962 92% Totals: 443,291 773,050 57%

Additional Information Prevented Planting Acres 2,270

Dollar Liability Program Total Dollar Liability

Adjusted Gross Revenue-Lite (AGR-Lite) $834,469 Apiculture (Vegetation Index) 0 Cattle (LGM) 0 Dairy Cattle (LGM) 0 Fed Cattle (LRP) 0 Feeder Cattle (LRP) $453,472 Lamb (LRP) $12,571,766 Nursery (Dollar) $77,869 Pasture, Rangeland, Forage (Vegetation Index) $10,457,387 Swine (LRP, LGM) 0

Total: $24,394,963 Billings Regional Office Contact: Doug Hagel, Director Address: 3490 Gabel Road Suite 100 Billings, MT 59102 Phone: (406) 657-6447 Fax: (406) 657-6573 E-Mail: [email protected]

Crop Pilot Programs Program County Availability

Alfalfa Seed (APH) Big Horn, Park Counties Apiculture ( Vegetation Index) All Counties Pasture, Rangeland & Forage (Vegetation Index)

All Counties

Northern Regional Compliance Office Contact: Scott Tincher, Director Address: Suite 200 3400 Federal Drive Egan, MN 55122 Phone: (651) 452-1688 Fax: (651) 452-1689 E-Mail: [email protected]

APH: Actual Production History LGM: Livestock Gross Margin LRP: Livestock Risk Protection

Data as of December 16, 2013


mailto:[email protected]

Wyoming Fifteen Year Crop Insurance History

Year

Policies Earning

Premium Net Acres Insured Liability

Gross Premium Losses Loss Ratio

1999 2,585 368,293 52,260,660 3,052,725 1,887,216 0.62 2000 2,518 390,286 55,699,761 3,283,065 4,158,921 1.27 2001 2,379 357,930 44,984,749 3,375,808 6,829,348 2.02 2002 2,799 463,016 51,105,089 4,370,774 14,569,144 3.33 2003 2,765 490,461 62,361,648 6,020,804 6,301,359 1.05 2004 2,992 521,765 66,245,558 6,960,893 14,925,461 2.14

2005 3,969 7,490,374 93,066,296 10,543,486 9,524,521 0.90 2006 3,727 7,313,670 89,880,586 10,436,976 21,205,564 2.03 2007 3,633 8,022,532 103,122,528 13,045,530 19,733,159 1.51 2008 3,574 8,021,641 136,924,517 18,460,889 11,524,291 0.62 2009 3,072 4,891,255 128,186,424 17,767,708 13,292,650 0.75 2010 2,785 2,375,453 106,149,199 13,773,477 6,881,262 0.50 2011 2,654 1,557,491 128,575,721 17,165,871 7,834,448 0.46 2012 2,557 1,220,593 140,688,016 16,976,819 20,134,360 1.19 2013* 2,523 1,797,621 145,423,098 18,538,942 19,089,255 1.03

* 2013 numbers are incomplete

NOTE: To see detailed information on the above 15 Year Crop Insurance History by County, go to RMA’s Summary of Business Application at: www3.rma.usda.gov/apps/sob/ and then click on the “Run Current Reports” button. Select the State/County tab and then select the appropriate Year and State to get a listing by County. Select the desired output type – Formatted Print, or Download Data to Excel.


http://www3.rma.usda.gov/apps/sob/

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http://www.rma.usda.gov/tools/

What Is The Supplemental Coverage Option? The Supplemental Coverage Option (SCO) is a new crop

insurance option that provides additional coverage for a

portion of your underlying crop insurance policy

deductible. You must buy it as an endorsement to either

the Yield Protection, Revenue Protection, or Revenue

Protection with the Harvest Price Exclusion policies. The

Federal Government pays 65 percent of the premium cost

for SCO.

SCO is available, starting with the 2015 crop year, in

select counties for spring barley, corn, soybeans, wheat,

sorghum, cotton, and rice.

How Do I Buy SCO? First, you must choose;

Yield Protection;

Revenue Protection; or

Revenue Protection with the Harvest Price Exclusion.

This is your ‘underlying policy’.

Next, you choose SCO as an endorsement to the

underlying policy. You must make this choice by the sales

closing date for your underlying policy, and with the same

insurance company. Any crop on a farm that you elect to

participate in the Agriculture Risk Coverage (ARC)

program (a new program started in the 2014 Farm Bill,

administered by the Farm Service Agency) is not eligible

for SCO coverage.

How Does SCO Work? SCO follows the coverage of your underlying policy. If

you choose Yield Protection, then SCO covers yield loss.

If you choose Revenue Protection, then SCO covers

revenue loss.

The amount of SCO coverage depends on the liability,

coverage level, and approved yield for your underlying

policy. However, SCO differs from the underlying policy

in how a loss payment is triggered. The underlying policy

pays a loss on an individual basis and an indemnity is

triggered when you have an individual loss in yield or

revenue. SCO pays a loss on an area basis, and an

indemnity is triggered when there is a county level loss in

yield or revenue.

It is easiest to explain how coverage is determined

through an example. Suppose a grower’s corn crop has an

expected value of $765.00 per acre (170 bushels at $4.50

per bushel). Assume the grower buys a Revenue

Protection policy with a 75-percent coverage level (this is

the ‘underlying policy’). The underlying policy covers 75

percent (or $573.75) of the expected crop value and leaves

25 percent (or $191.25) uncovered as a deductible.

At this point, the grower has the option to buy SCO

coverage. Since the underlying policy is Revenue

Protection, SCO will also provide revenue protection,

except that payments will be determined at a county level.

SCO revenue coverage is described in the following table.

The SCO Endorsement begins to pay when county

average revenue falls below 86 percent of its expected

level. The full amount of the SCO coverage is paid out

when the county average revenue falls to the coverage

level of the underlying policy - in this example, it is

75 percent (shown on line B in the table).

SCO payments are determined only by county average

revenue or yield, and are not affected by whether you

receive a payment from your underlying policy. So it is

possible for you to experience an individual loss but to

not receive an SCO payment, or vice-versa.

The dollar amount of SCO coverage is based on the

percent of crop value covered. In this example there are

A Risk Management Agency Fact Sheet

Supplemental Coverage Option for Federal Crop Insurance

October 2014

United States Department of Agriculture

Step SCO Coverage Calculation

A

SCO Endorsement begins to pay when county revenue

falls below this percent of its expected level (the per-

cent is the same for all SCO policies – set by law)

86%

B

SCO Endorsement pays out its full amount when

county revenue falls to the coverage level percent of

its expected level (always equal to the coverage level

of the underlying policy)

75%

C Percent of expected crop value covered by SCO

(A – B, or 86% – 75%) 11%

D Amount of SCO Protection

(C Expected Crop Value, or 11% $765) $84.15

This fact sheet gives only a general overview of the crop insurance program and is not a complete policy. For further information and an evaluation of your risk management needs, contact a crop insurance agent.


11 percentage points of coverage (from 86 percent to 75

percent). Eleven percent of the expected crop value is

$84.15 (or 11 percent $765.00). The SCO policy can

cover up to $84.15 of the $191.25 deductible amount not

covered by your underlying policy.

How Much Does SCO Cost? The Federal Government pays 65 percent of the premium.

The exact premium cost depends on the crop, county,

coverage level you choose, and the type of coverage you

choose, such as Yield Protection or Revenue Protection.

You should talk to your crop insurance agent for more

information.

How Do I Decide If I Should Buy SCO? When considering SCO, you must first consider whether to

elect to participate in the ARC program. Crops for which

ARC is elected on a farm are not eligible for SCO

coverage.

For those crops and farms eligible for SCO coverage, the

type and amount of SCO coverage are determined by the

type and coverage level you choose for the underlying

policy. You should talk to your crop insurance agent to

determine what best meets your individual risk

management needs.

Where Is SCO Available? SCO is available, starting with the 2015 crop year, in select

counties for spring barley, corn, soybeans, wheat, sorghum,

cotton, and rice.

The choice of counties selected for 2015 is based on the

availability of county yield data from USDA’s National

Agricultural Statistics Service (NASS), subject to the

following criteria designed to maximize the availability of

SCO while maintaining actuarial soundness and program

integrity. These criteria are similar to what is used for area-

based, insurance programs administered by the Risk

Management Agency (RMA). In general, the criteria are:

NASS county yield estimates are available for at least

20 of the last 30 years. This provides a minimum

amount of data needed to establish expected yields

similar to the existing yield trend approaches used for

related area-based insurance programs;

NASS county yield estimates are available for at least

8 of the last 10 years, with an average of at least

10,000 planted acres over those years. This limits SCO

to counties where county yield data has been

consistently available, so that there is a reasonable

expectation that a county yield will be available at the

end of the growing season to determine losses; and

There are at least 50 or more farming entities for the

crop in the county according to the most recent Census

of Agriculture. This limits the possibility for a single

producer (or small group) to skew or influence the

county estimate for a given year and limits SCO to

counties where NASS is likely to receive adequate

reports to publish a county estimate.

Will SCO Be Available for More Crops? Starting with the 2016 crop year, RMA will be making

greater use of crop insurance data to expand SCO coverage

into more areas, more crops, and to make SCO coverage

more practice-specific, (for example, irrigated in

comparison to non-irrigated). RMA will expand the

program to more crops (and counties) as the program

continues.

What Happens If I Choose SCO and Sign Up for ARC? SCO will first be available for the 2015 crop year’s winter

wheat, where you must make your crop insurance coverage

decisions for fall-planted crops (including SCO) by the

sales closing date (generally September 30). If you have

applied for SCO for your winter wheat for 2015 you may

choose to withdraw coverage on any farm where you intend

to choose ARC for winter wheat by the earlier of your

acreage reporting date or December 15 without penalty or

being charged a premium. This allows you additional time

to make an informed decision related to whether to choose

to participate in either the ARC or Price Loss Coverage

(PLC) programs for your winter wheat, which will happen

later this winter.

To withdraw coverage, you must notify your agent of your

intended election for ARC by the earlier of your winter

wheat acreage reporting date or December 15. This is a one

-time exemption that is only allowed for the 2015 crop

year’s winter wheat to coordinate with ARC program sign-

up rules.

After this one-time exemption for 2015 crop year fall-

planted winter wheat, if you choose SCO and ARC on the

same crop on a farm, your SCO coverage for that crop on

that farm will be cancelled and you will forfeit 20 percent

of your SCO premium on that crop and farm to cover

administrative expenses. However, your underlying policy

will still be in effect.

Where to Buy Crop Insurance All multi-peril crop insurance, including Catastrophic Risk

Protection and SCO policies, are available from crop

insurance agents. A list of crop insurance agents is

available at all USDA service centers and on the RMA

website at: www3.rma.usda.gov/apps/agents/.

Risk Management Agency Supplemental Coverage Option


http://www3.rma.usda.gov/apps/agents/

Contact Us USDA/RMA

Mail Stop 0801

1400 Independence Ave., SW

Washington, DC 20250-0801

Website: www.rma.usda.gov E-mail: [email protected]

Risk Management Agency Supplemental Coverage Option

Download Copies from the Web Visit our online publications/fact sheets page at: www.rma.usda.gov/pubs/rme/fctsht.html.

The U.S. Department of Agriculture (USDA) prohibits dis-crimination in all its programs and activities on the basis of race, color, national origin, age, disability, and where applica-ble, sex, marital status, familial status, parental status, reli-gion, sexual orientation, genetic information, political beliefs, reprisal, or because all or a part of an individual’s income is derived from any public assistance program. (Not all prohibit-ed bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should con-tact USDA’s TARGET Center at 202-720-2600 (voice and TDD). To file a complaint of discrimination, complete, sign and mail a program discrimination complaint form, (available at any USDA office location or online at www.ascr.usda.gov), to: United States Department of Agriculture; Office of the Assis-tant Secretary for Civil Rights; 1400 Independence Ave., SW; Washington, DC 20250-9410. Or call toll free at (866) 632-9992 (voice) to obtain additional information, the appropriate office or to request documents. Individuals who are deaf, hard of hearing, or have speech disabilities may contact USDA through the Federal Relay service at (800) 877-8339 or (800) 845-6136.


mailto:[email protected]

Dear Producer:

In August you received a letter from the Farm Service Agency notifying you that the

2014 Farm Bill provided the option to reallocate base acres and update yields for

"covered commodities. This letter provides you with information of how to update yields

on those crops. It is recommended that you visit your County office to review your base

reallocation options.

The 2014 Farm Bill authorizes owners of a farm the 1-time opportunity to update a farm’s

base acres, and provides for two options:

Option 1: Retain the farm’s existing base acres, as of September 30, 2013, for each

covered commodity

Option 2: Reallocate base acres on a farm based on the 4-year average of planted and

considered planted acres on the farm of all covered commodities for the 2009 through

2012 crop years.

Note: An increase in total base acres on a farm is not allowed.

The 2014 Farm Bill also authorizes owners of a farm the 1-time opportunity to update a

farm’s yields with two options:

Option 1: Retain a covered commodity’s counter-cyclical (CC) yield.

Option 2: Update the covered commodity CC yield using 90 percent of the farms

2008 through 2012 average yield per planted acre, excluding any year in which the

covered commodity was not planted.

If the owner of the farm chooses to update the farm’s CC yields, the enclosed form, CCC-

859, Price Loss Coverage Yield Worksheet, and instructions, must be used.

Once a base and yield update decision has been made for the farm, the owner of the farm

or their representative must contact their local County FSA Office to complete the CCC-

858, Base Reallocation and Yield Update Decision for Agriculture Risk Coverage (ARC)

and Price Loss Coverage (PLC) Programs.

The deadline to complete the base and yield update decision is February 27, 2015.

If you have any additional questions, please contact your local FSA office.

Sincerely:

Gregor Goertz, SED

United States

Department of

Agriculture

Farm and Foreign

Agricultural Services

Farm Service Agency

Wyoming State FSA

Office

951 Werner Ct Ste 130

Casper, WY 82601

307-261-5231

Fax 855 415 3427

USDA is an equal opportunity provider and employer.


This form is available electronically.

CCC-859 U.S. DEPARTMENT OF AGRICULTURE (09-23-14) Commodity Credit Corporation

PRICE LOSS COVERAGE (PLC) YIELD WORKSHEET

1. Program Years: 2014 through 2018 2A. County FSA Office Name and Address (Including Zip Code)

2B. County FSA Office Telephone Number (Including Area Code)

2C. County FSA Office FAX Number (Including Area Code)

3. State Code

4. County Code

5. Farm Number

THE YIELD WORKSHEET is used to obtain yield information that may be used by a current owner who may choose to update the covered commodity yield as permitted under Section 1113 of Public Law 113-79 and 7 CFR Part 1412. The yields provided in this worksheet for the years the covered commodity was planted, 2008 through 2012, will be averaged using the simple average method excluding years of zero planting. Once the simple average yield of the covered commodity is calculated, any current owner on the farm may choose to update the farm’s covered commodity CC yield on form CCC-858 during the yield update period. Report the actual yields planted on the farm for each covered commodity planted for the years 2008 – 2012. The higher of either the actual yield or 75% of the County Average (substitute yield) will be used for each year. If the owner chooses to update the yield, then the farm yield will be 90% of the simple average (excluding the year(s) the commodity was not planted) yield reported on this form. TOTAL FARM YIELD WORKSHEET Complete this section ONLY for covered commodities that the owner may wish to report. If a covered commodity was not planted for a particular year, then leave that year blank. Enter the source of the data used to support the yield in Item 6C. Rec Type: 1 for “RMA data”, 2 for “production sold/commercial storage”, 3 for “on-farm storage”, 4 for “livestock feed records”, 5 for “FSA loan record”, 6 for “FSA NAP record”, or 7 for “other”. Please enter the other record type in the remarks section on the form. This is ONLY a worksheet. It is NOT the yield update. This form may be used by any current owner of the farm if the current owner decides to update a yield using CCC-858 during the yield update period.

6. Farm Yields

6A. Commodity

2008 2009 2010 2011 2012

6B. Yield

6C. Rec Type

6B. Yield

6C. Rec Type

6B. Yield

6C. Rec Type

6B. Yield

6C. Rec Type

6B. Yield

6C. Rec Type

7. Remarks

8A. Contact Person’s Name 8B. Contact Person’s Telephone Number 8C. Contact Person’s Email Address

The U.S. Department of Agriculture (USDA) prohibits discrimination against its customers, employees, and applicants for employment on the basis of race, color, national origin, age, disability, sex, gender identity, religion, reprisal, and where applicable, political beliefs, marital status, familial or parental status, sexual orientation, or all or part of an individual’s income is derived from any public assistance program, or protected genetic information in employment or in any program or activity conducted or funded by the Department. (Not all prohibited bases will apply to all programs and/or employment activities.) Persons with disabilities, who wish to file a program complaint, write to the address below or if you require alternative means of communication for program information (e.g., Braille, large print, audiotape, etc.) please contact USDA’s TARGET Center at (202) 720-2600 (voice and TDD). Individuals who are deaf, hard of hearing, or have speech disabilities and wish to file either an EEO or program complaint, please contact USDA through the Federal Relay Service at (800) 877-8339 or (800) 845-6136 (in Spanish). If you wish to file a Civil Rights program complaint of discrimination, complete the USDA Program Discrimination Complaint Form, found online at http://www.ascr.usda.gov/complaint_filing_cust.html, or at any USDA office, or call (866) 632-9992 to request the form. You may also write a letter containing all of the information requested in the form. Send your completed complaint form or letter by mail to U.S. Department of Agriculture, Director, Office of Adjudication, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410, by fax (202) 690-7442 or email at [email protected]. USDA is an equal opportunity provider and employer.


CCC-859, Price Loss Coverage (PLC) Yield Worksheet

Completing CCC-859

Complete CCC-859 according to this table.

Item Instruction

2A Enter County Office name and address (optional).

2B Enter County Office telephone number (optional).

2C Enter County Office FAX number (optional).

3 and 4 Enter State and county codes.

5 Enter FSA farm number.

6 Complete this section to report a yield at the farm level only in the years the covered

commodity was planted in 2008 through 2012.

6A Enter the covered commodity name planted in the years 2008 through 2012.

6B Enter the actual yield resulting from planted acres of the applicable covered

commodity for the years 2008 through 2012. If a covered commodity was not

planted for the particular year, leave blank.

6C Enter the certified yield’s “Record Type”. ENTER “1” for RMA data, “2” for

production sold/commercial storage, “3” for on-farm storage, “4” for livestock feed

records, “5” for FSA loan record, “6” for FSA NAP record, or “7” for other. Enter

the other record type in the remarks section.

7 Enter any remarks, if applicable.

8A Enter person to contact concerning yields (optional).

8B Enter contact person’s telephone number (optional).

8C Enter contact person’s e-mail address (optional).


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farm bill 2014 update...fact sheet what’s in the 2014 farm bill for fsa customers march 2014...

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