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Flexibility for Producers Filing ‘Notice of Loss’ for Failed, PP Acres
/in Ag Business, Weekly E-News /by Red River Farm NetworkDry Bean Scene
/in Crops, Dry Bean Scene, Weekly E-News /by Red River Farm NetworkThis year’s planting conditions have been better for some farmers than others. Soils have remained wet in places, presenting their fair share of challenges. Hear more in the Dry Bean Scene on the Red River Farm Network is made possible, in part, by the Northarvest Bean Growers Association.
Tool Available to Weigh PP Decisions
/in Ag Business, Crops, Weekly E-News /by Red River Farm NetworkRecord Prevent Plant Acreage
/in Crops, Weekly E-News /by Red River Farm NetworkThe Farm Service Agency is estimating 2019 prevent plant acreage at a record 19.6 million acres. That compares to the previous record of just under 11 million acres in 2011. South Dakota leads the nation with nearly 4 million acres of PP. Illinois and Ohio each had about 1.5 million acres reported as prevented plant. Minnesota has nearly 1.2 million; Indiana has 943,000 acres and North Dakota has 319,000 acres in PP.
Prevent Plant ‘Top Up’ Payments to be Paid in October
/in Ag Business, Crops, Weekly E-News /by Red River Farm NetworkFarmers who filed a prevent plant claim will automatically receive a ‘top-up’ payment. A ten percent payment will be made to farmers with Yield Protection and Revenue Protection with the Harvest Price Option. Those with Revenue Protection will receive 15 percent.
“This has been such a tremendously tough year for producers and frankly, insurance guarantees aren’t as high as we’d like them based on the low commodity prices,” said Martin Barbre, administrator, Risk Management Agency. Barbre says the crop insurance companies will begin making the ‘top-up’ payments in mid-October. “I applaud the companies for stepping up and signing this agreement to bring these important funds to their producers.
USDA RMA Press Release
Prevent Plant Acres Total Over 19 Million
/in Crops, Weekly E-News /by Red River Farm NetworkUSDA’s Farm Service Agency released more information on prevent plant acres for 2019. U.S. farmers reported 11.2 million prevent plant acres of corn, 4.3 million acres of soybeans and 2.2 million acres for wheat. That makes for a grand total of more than 19 million PP acres for 2019, the most acres reported since FSA started releasing the report. In Minnesota, there are currently 1.1 million acres enrolled in prevent plant. North Dakota has over 830,00 acres enrolled, and South Dakota has 3.8 million acres. Updated information will be available each month through January 2020.
PP Claims Expected to Exceed $1 Billion
/in Crops, Policy, Weekly E-News /by Red River Farm NetworkAccording to USDA Undersecretary for Farm Production and Conservation Bill Northey, numerous prevented plant claims have already been paid out. “I think those claims have climbed over the $100 million mark so far and we expect that probably to pass the $1 billion mark at some point as you look at the acres that are likely to be in the prevented plant area.”
The NRCS has also announced special cost-share funding for farmers to plant cover crops in eight states. Those eight states include Minnesota and South Dakota. These cost-share dollars are available through the EQIP program.
USDA Moves Up Cover Crop Haying and Grazing Date
/in Crops, Weekly E-News /by Red River Farm NetworkConsidering Cover Crops for PP Acres
/in Crops, Weekly E-News /by Red River Farm NetworkNortharvest Bean Grower – Our Mission:
NHBGA, growers representing growers through the check-off system, is North America’s largest supplier of quality dry beans. Working together to better the industry through promotion, research, market development, education of consumers and monitoring of governmental policy. Our future goals must be continued market exposure and careful monitoring of new ideas, consumer choices, and producer needs.
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