Producers enrolled in current Direct & Counter-Cyclical Program and Average Crop Revenue Election contracts have issued the final installment of their 2010 year direct type payment.
More than 2,700 Marion County producers received a total of $2.7 million. These payments were disbursed by electronic funds transfer or direct deposit to producer bank accounts.
A payment disbursement statement was provided to all payees by mail. Those producers with any outstanding filed financial assignments had their payments routed to designated assignees.
Direct-type DCP payments are calculated by multiplying the designated payment acres of a program participating farm times the farm?s established Farm Service Agency yield times the approved payment rate times a producer?s share interest in the crop.
Those farms enrolled in the ACRE program have a 30 percent reduction in payment rate applied as a result of their later eligibility for special ACRE payments.
Although producers earn direct DCP & ACRE payments since they are guaranteed by statutory law, producers cannot be paid any 2009 program countercyclical payments as effective marketing year prices for crops such as wheat, corn, sorghum and soybeans were above pre-determined target or trigger levels.
In addition to DCP payments, benefit payments through several other FSA administered programs were issued this month.
More than $663,000 in Conservation Reserve Program annual rental payments were disbursed to 958 Marion County producers on 705 contracts.
Other CRP-related cost-share and incentive payments are made available to producers during the course of the year as high priority conservation practices, such as grass buffers and filter strips, are installed.
Also, producers on 19 county dairies were issued final phase direct payments through their participation in the Dairy Economic Loss Assistance Payment program designed to assist in stabilizing nationwide milk prices.
Bill Harmon is executive director of the Marion County FSA office.