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Status of Implementation

2014 Farm Bill. Status of Implementation. Timeline as of Oct 2014. Livestock Disaster Assistance (LFP & LIP ) in MS. Data as of 10/23/14 for losses beginning October 1, 2011. 954 applications $5.7 Million. CTAP Applications & Payments in MS. 10,565 applications $ 48.3 million.

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Status of Implementation

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  1. 2014 Farm Bill Status of Implementation

  2. Timeline as of Oct 2014

  3. Livestock Disaster Assistance (LFP & LIP) in MS • Data as of 10/23/14 for losses • beginning October 1, 2011 • 954 applications • $5.7 Million

  4. CTAP Applications & Payments in MS • 10,565 applications • $ 48.3 million

  5. Cotton / Generic Base Cotton base gets CTAP payments for 2014 STAX is available for all counties in MS in 2015 Cotton base becomes generic base If producers plant a program crop (wheat, soybeans, rice, corn, peanuts, etc.) then the generic base is eligible for ARC/PLC payments.

  6. 2013 Cotton/ Generic Base Acres in MS Total acres = 1.6 million

  7. 2013 Non-Cotton Base Acres in MS Total acres = 2.0 million

  8. ARC/PLC Timeline

  9. ARC/PLC • Farm-by-farm decisions • Owners: yield updates and base reallocations • Producers: • elect between ARC and PLC • ARC-CO/PLC – crop by crop • ARC-IC – whole farm • SCO can be combined with PLC, but not ARC • University tools help owners/producers evaluate options and make these decisions

  10. Common Program Provisions • ARC/PLC, CTAP, Marketing Loan Gains & LDPs • Payment Limit: $125,000 for all crops (except peanuts which have a separate $125,000 limit) • AGI: $900,000 total AGI • Secretary is required to ask for comments on management component of Actively Engaged

  11. NAP Buy Up • December 2014: NAP Buy Up may begin • Catastrophic: covers 50% of yield at 55% of price • Buy Up: covers up to 65% of yield at 100% of price • Premium: 5.25% of liability • Reduced for historically underserved producers

  12. Questions?

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