Vilsack to Unveil Some 2013 Farm Program Details at Farm Bureau Confab

January 12, 2013 11:55 AM
 

via a special arrangement with Informa Economics, Inc.

Coming: News about ACRE, direct payments


NOTE: This column is copyrighted material, therefore reproduction or retransmission is prohibited under U.S. copyright laws.


When Ag Secretary Tom Vilsack speaks at the American Farm Bureau Federation's annual conference next week, according to Obama administration officials, he is expected to announce signup dates and a likely USDA determination that there is a new ACRE signup period.

If so, that could mean existing ACRE participants would not have to stay in the program and could opt out instead. ACRE participants get a 20 percent reduction in direct payments and a 30 percent reduction for marketing loan rates.

Such a development would mean a higher Congressional Budget Office (CBO) budget baseline for direct payments (and lower ACRE participation) in the coming January and March baseline updates.

If there is a delay in farm program signup much beyond February, perhaps into June, sources say, that would mean Senate Ag Chairwoman Debbie Stabenow (D-Mich.) and some Senate Ag Committee staff successfully lobbied Vilsack to hold off pending possible conclusion of a new farm bill, with a potential "retroactive" farm bill start that could, under this unlikely scenario, mean the elimination of direct payments even for 2013 crops.

 

It will be interesting to see how many farmers run away from the ACRE program and toward the for-sure boost in direct payments -- extended for another crop year due to the inability of Congress to deal with a new farm bill.

 


 

NOTE: This column is copyrighted material, therefore reproduction or retransmission is prohibited under U.S. copyright laws.


 


 

 

 

 

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