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Serving: IA
Partial Counter-Cyclical Payments Not Coming

Partial Counter-Cyclical Payments Not Coming

Prices higher than trigger levels on covered commodities.

Farm Service Agency Administrator Jonathan Coppess says there will be no partial 2010-crop counter-cyclical payments to producers of certain covered commodities. He says for all covered commodities and peanuts, market price projections exceed levels that would trigger these payments. The commodities include: wheat, corn, grain sorghum, barley, oats, upland cotton, long grain rice, medium grain rice, soybeans, sunflower seed, rapeseed, canola, safflower, flaxseed, mustard seed, crambe, sesame seed, dry peas, lentils, small chickpeas, large chickpeas, and peanuts.

Counter-cyclical payments are authorized by the 2008 Farm Bill to provide producers with a safety net during periods of low crop prices; but, Coppes says he knows our farmers overwhelmingly prefer to receive compensation for their efforts from the marketplace. Also, USDA says it will not issue final 2009-crop counter-cyclical payments for long grain rice and medium grain rice because their average market prices exceeded levels that would trigger these payments.

TAGS: USDA Soybeans
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