Producers enrolled in current Direct & Counter-Cyclical Program and Average Crop Revenue Election contracts have been issued the final installment of their 2009 direct-type payments.
More than 2,700 Marion County producers received a total of more than $2.6 million. These payments were disbursed by electronic funds transfer or direct deposit to producer bank accounts. A payment 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 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.
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 and ACRE payments because they are guaranteed by statutory law, producers cannot be paid any 2008 program countercyclical payments as nearly all individual crop effective marketing year prices for crops such as corn, sorghum and soybeans were above target or trigger levels.
Those farms having upland cotton base acreages will earn countercyclical payments at a rate of 12 cents per pound.
Bill Harmon is executive director of the Marion County FSA office.