Yield History & Base Acres Deadlines Quickly Approach
Yield History Updates and Base Acre Reallocation are nearly upon us. February 27, 2015 marks the final day that producers can update this information at the local county Farm Service Agency (FSA).
February 27, UPDATE – Deadline Extended to March 31, ANOTHER UPDATE, DEADLINE APRIL 7, 2015 is the latest Deadline for Yield History & Base Acre Reallocation
Whether you have decided to go down the path of ARC or PLC, the revamped farm bill safety net payments require decisions to be made in some capacity.
We’ve reported on renowned Ag economist Dr. Chris Hurt and his suggestions on ARC vs. PLC here, and encourage all farmers, producers and landowners to seek the advice of the FSA agency in your county. The ability to update yields hasn’t been possible for over 10 years and this is a great opportunity to do so if they are higher.
REMEMBER, if you do not update your yields by APRIL 7th
MARCH 31st Febrary 27, 2015 , your farm’s current yield and base acres will be used.
By March 31st, ff you do no select an ARC or PLC program then here will be no 2014 payments for that farm
ADDITIONALLY, your farm will default to PLC (Price Loss Coverage) program through 2018.
Seek the advice of your local FSA Agent and the resources available to you through the USDA and the various calculators available online.