USDA: No Counter-Cyclical Payments for Certain 2010 Commodities
by USDA Posted on 2/9/2011
(DAVIS, CA) - USDA Farm Service Agency California State Executive Director Val Dolcini announced today that USDA will not issue partial 2010-crop counter-cyclical payments to producers of certain covered commodities. For all covered commodities and peanuts, market price projections exceed levels that would trigger these payments. Payments will not be made to producers of 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.
"FSA's Counter-Cyclical Program provides California farmers with a safety net during periods of low crop prices. California's farmers work hard and currently the marketplace is rewarding those efforts with higher prices for most commodities," said Dolcini. "As such, counter cyclical payments won't be made at this time."
In addition to the 2010 crop information, USDA announced it will not issue final 2009-crop counter-cyclical payments for long grain rice and medium grain (including short grain) rice because their average market prices exceeded levels that would trigger these payments.
For more information on the Direct and Counter-Cyclical Payment (DCP) Programs, including a table displaying the target price, projected average market price, loan rate, direct payment rate, effective price and projected counter-cyclical rates, visit your local FSA office or the FSA DCP website: http://www.fsa.usda.gov/dcp.
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