Producers should soon expect to receive their statements of 2009 Farm Service Agency and Commodity Credit Corp payments reportable as income to the Internal Revenue Service.
Form CCC-1099G will be mailed to them by FSA?s Kansas City financial center. Payment earning totals from the Direct & Counter-cyclical Program, Conservation Reserve Program, Milk Income Loss Contract, Dairy Economic Loss Assistance Program and various other USDA benefit payments will be itemized on this form.
Producers who might have made refunds of any unearned U.S. Department of Agriculture payment during 2009 should contact their county FSA office to obtain this information for use in their tax preparation.
CCC-1099G statements are designed to serve only as a guide in recognizing taxable federal agricultural payments and should not be used to replace your own record keeping structure or system.
If significant differences are found when comparing your records to the statements, they can be discussed with your local county FSA personnel.
Any filing advisement or other legal assistance must be obtained strictly from your personal tax professional.
Also, wool and mohair producers are reminded that they have only until Jan. 29 to apply for nine-month nonrecourse market assistance loans or loan deficiency payments on 2009 production at their local FSA county offices.
This deadline also applies to LDPs for unshorn pelts from lambs slaughtered in 2009.
Bill Harmon is executive director of the Marion County FSA office.