FSA announces $86M to be paid to Missouri farms enrolled in Agriculture Risk Coverage and Price Loss Coverage

Farm Service Agency FSA

United States Department of Agriculture Missouri Farm Service Agency Executive Director Brent Hampy has announced that more than 86 million dollars will be paid to Missouri farms that enrolled in Agriculture Risk Coverage and Price Loss Coverage for 2017 market downturns.

Missouri FSA will also distribute more than 102 million dollars in Conservation Reserve Program rental payments to landowners for their commitment to conservation stewardship. Hampy says the 2014 Farm Bill authorized ARC and PLC to protect farmers against unexpected drops in crop prices or revenues. The payments help provide reassurance to Missouri farm families who continue to persevere.

PLC payments have triggered for 2017 barley, canola, corn, grain sorghum, wheat, and other crops. Payments may also be triggered in the next few months for rice, chickpeas, sunflower seeds, flaxseed, mustard seed, rapeseed, safflower, and sesame seed.

Producers with bases enrolled in ARC for 2017 crops can visit the FSA website for updated crop yields, prices, revenue, and payment rates. The FSA reports 110 Missouri counties experienced a drop in price and/or revenues below the benchmark price established by the ARC or PLC programs and will receive payments.

The USDA began issuing 2018 CRP payments to support voluntary conservation efforts on private lands. Enrolled landowners in Missouri will receive compensation for their efforts to improve water quality, reduce soil erosion, and improve wildlife habitat.

Contact your local USDA Service Center or visit farmers.gov for more information.