Wisconsin farmers and landowners received more than $516 million in farm program payments in fiscal year 2006.
According to State Farm Service Agency Director Ben Brancel, each program dollar turns over an estimated seven times in the local community, thus adding about $3.6 billion to the Wisconsin's economy.
"The mission of FSA is to help ensure the well-being of American agriculture, and Wisconsin FSA employees worked hard to fulfill that mission during fiscal year 2006," says Brancel.
In terms of dairy, Wisconsin ranked first in the nation for payments with a total of $72 million in 2006. Brancel says more than 1,500 qualified producers received farm loans totaling $187 million in 2006, the third-largest loan making volume in the nation. Beginning farmers received $69 million.
Other farm program payments include direct and counter-cyclical program at $217 million; loan deficiency payments and market gains, $180.6 million, Conservation Reserve Program, $43.7 million; and several more million for the crop disaster program, livestock assistance program, non-insured assistance program, and other farm programs.