"It is crucial that producers meet the deadline for these programs in order to receive income support," said Kelley. "FSA realizes that farmers and ranchers take risks everyday and these programs form part of the safety net that can keep producers operating during times of low market prices," he said.
DCP and ACRE provide income support when there is a decline in commodity prices. 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 for 2012. Counter-cyclical payments vary depending on market prices, and are issued only when the effective price for a commodity is below its target price.
ACRE protects producers from farm market revenue declines when revenue triggers are met for a commodity at both the state and farm level. All owners and operators who will share in the DCP and ACRE payments on the farm must sign up by June 1.
"ACRE elections and enrollment must be completed by the June 1 deadline as late file provisions are not available for ACRE," said Kelley. "If elected in a previous year, producers must enroll for 2012 by June 1 to receive payment," he said.
For questions regarding DCP or ACRE sign-up, please contact the Karnes County FSA office at 830-583-3224.