New Farmers in Indiana and Land Ownership Resources
The launch of the new USDA Farm Bill includes special provisions for new and beginning farmers in Indiana. From waiving service fees, to removing CRP payment reductions in emergencies such as drought, to increased or improved payments for emergency assistance, the New Farmers initiative has made headlines.
With a new website portal called New Farmers, the USDA is demonstrating a full commitment to ensuring the next generation of agriculture and land ownership carries a lower chance of financial hardship. Starting any new business is a challenge and it takes resources and programs to open the door for new farming opportunity in Indiana and across the United States.
A few highlights from the New Farmers initiative include:
- Waiving service fees for new and beginning farmers or ranchers to enroll in the Non-Insured Crop Disaster Assistance Program (NAP) for the 2014 crop year. NAP provides risk management tools to farmers who grow crops for which there is no crop insurance product.
- Eliminating payment reductions under the Conservation Reserve Program (CRP) for new and beginning farmers which will allow routine, prescribed, and emergency grazing outside the primary nesting season on enrolled land consistent with approved conservation plans.
- Increasing payment rates to beginning farmers and ranchers under Emergency Assistance for Livestock, Honeybees and Farm-Raised Fish Program (ELAP). Under this provision, beginning and farmers can claim up 90 percent of losses for lost livestock, such as bees, under ELAP.
When it comes to land ownership and the buying and selling of farms in Indiana, one of the most utilized resources is the USDA’s Farm Service Agency. Widely known as the FSA, they are generally the main lender and provider of loans for land ownership for new farmers. New agriculture is often the lender of first opportunity for many new and beginning producers.
Within FSA programs, new agricultural farmers and producers get top priority for lending assistance with attractive interest rates to buy farms and land.
The 2014 Farm Bill expands on lending opportunity to buy farms and land, build and continue existing farm operations and is poised to help the next generation of agriculture crop producers be as successful as possible.
For more information, contact your local FSA agent.