If provisions in the 2014 Farm Bill leave you scratching your head, these workshops might be the place to start figuring it out. Purdue Extension and the Purdue Center for Commercial Agriculture have partnered with the U.S. Department of Agriculture Farm Service Agency to host a series of free informational meeting.
Discussion will focus on Agricultural Risk Coverage and Price Loss Coverage programs authorized by the bill. Crop producers must select one of the new programs, which will replace the direct program payments of previous years.
There are two plans available through the Agricultural Risk Coverage program, also known as ARC. The ARC-County option estimates individual crop revenue based on countywide projections. Under the ARC-Individual option, farmers receive payments based on their own past revenues on a whole-farm basis.
Under the Price Loss Coverage program, or PLC, payments are made on a crop-by-crop basis if the national price of that commodity falls below the reference price established in the farm bill legislation.
"During the workshops, farmers, lenders and landowners will learn how the new program works and also have a chance to work through some examples so they will better understand how to make program decisions that are best for their individual circumstances," said Jim Mintert, director of Purdue's Center for Commercial Agriculture.
Seven Farm Bill producer meetings have been scheduled across the state of Indiana beginning Dec. 8 and continuing into January. Each session will be held between 1 p.m. and 4 p.m. and includes discussion about base reallocation and updating program yields for both ARC programs and PLC.
There will also be an opportunity for participants to meet with experts from Purdue and the Indiana FSA.
Prior to the start of each meeting, the Indiana Farm Bureau will sponsor a State Ag Policy Lunch program, beginning at 11:30 a.m. Registration information for the lunch as well as the workshop is available at the Purdue Center for Commercial Agriculture's website.
Dec. 8: Hamilton County Fairgrounds and Exposition Center
Dec. 9: Huntingburg Event Center
Dec. 10: Indiana Grand Racing and Casino Trackside
Jan. 6, 2015: Honeywell Center;Jan. 8, 2015: Knights of Columbus
Jan. 9, 2015: Beck Agricultural Center
Jan. 15, 2015: Allen County War Memorial Coliseum