What's up at the FSA Office?

The next Allamakee County Committee meeting will be January 15, 2016 at 9 a.m. at the Allamakee County FSA Office conference room.

December 1 through February 26, 2016: New CRP Signup
January 1, 2016: Closed, New Years Day.

County Committee Election Results
The LLA #3, which consist of Iowa, Lansing, Center, LaFayette, Paint Creek, and Taylor townships, are Cindy Gibbs was elected and Chris Wonderlich is First Alternate on the Allamakee County Committee. Congratulations to Cindy Gibbs and Chris Wonderlich.

New General CRP Signup
December 1, 2015, through February 26, 2016 is the new general CRP signup. Land that is not currently enrolled in CRP may be offered for enrollment during CRP signup 49. In addition, CRP participants with contracts expiring on September 30, 2016, may submit offers at this time. Accepted contracts for CRP signup 49 will become effective on October 1, 2016. For more details contact the Allamakee County FSA Office at (563)568-2148.
In January, 2016 a public meeting will be held for producers who are interested in the CRP programs. The date, time and place will be announced at a later date.

Nonrecourse Marketing Assistance Loan (MAL) and Loan Deficiency Payment (LDP) Programs
MALs provide producers interim financing at harvest time to help them meet cash flow needs when market prices are typically at harvest-time lows. MALs for covered commodities are nonrecourse because the commodity is pledged as loan collateral and producers have the option of delivering the pledged collateral to the CCC as full payment for the loan at maturity. A producer who is eligible to obtain a loan, but who agrees to forgo the loan, may obtain an LDP. An LDP is the amount by which the applicable loan rate exceeds the alternative loan repayment rate for the respective commodity.
Allamakee County Loan Rates are as follows:

Corn - $1.87 per bushel
Oats - $1.43 per bushel
Soybeans - $4.99 per bushel
Barley - $1.70 per bushel

FSA is now accepting applications for all eligible commodities. For expedited service, interested producers are encouraged to schedule an appointment. Other program restrictions may apply, including limits on total payments or gross income thresholds. Consult with the Allamakee FSA office for further details. For more information, visit www.fsa.usda.gov/pricesupport

Maintaining the Quality of Farm-Stored Loan Grain
Bins are ideally designed to hold a level volume of grain. When bins are overfilled and grain is heaped up, airflow is hindered and the chance of spoilage increases.
Producers who take out marketing assistance loans and use the farm-stored grain as collateral should remember that they are responsible for maintaining the quality of the grain through the term of the loan.

Begging Farmers and Ranchers Loans
Each fiscal year, FSA targets a portion of its direct and guaranteed farm ownership and operating loan funds to beginning farmers and ranchers. FSA makes and guarantees loans to beginning farmers and ranchers who are unable to obtain financing from commercial lenders. A beginning farmer or rancher is an individual or entity who (1) has not operated a farm or ranch for more than 10 years, (2) meets the loan eligibility requirements of the program to which he/she is applying, (3) substantially participates in the operation, and, (4) for farm ownership loan purposes, does not own a farm greater than 30 percent of the median size farm in the county and meet training and experience requirements. For more information, visit www.fsa.usda.gov/farmloans.