Farm Program Payment Changes in 2016
Date/time: March 8, NOON CST
Following years of confusion over the broad definition of “actively engaged”, USDA recently finalized a rule to ensure that farm safety-net payments are issued only to active managers of farms that operate as joint ventures or general partnerships. The action closes a loophole where individuals who were not actively part of farm management still received payments. Wayne Meyers and Matthew Farrell, farm program specialists with K·Coe Isom, an ag financial consulting firm, offer information and guidelines on how changes to farm program payments in 2016 will impact farm businesses today.
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Wayne Myers: Wayne advises producers on farm-program eligibility requirements that can enhance their farm-business structure and operations. Farm bill issues are convoluted and complex. The eligibility issues and appeals that he expertly fields have the potential to significantly impact land and operation profitability. Previously a county executive director and state program specialist for the Farm Service Agency (FSA), Wayne thrives on deciphering each farm bill’s intricate complexities. He’s studied 40 years of farm-bills in-depth, applying them across thousands of operations and scores of unique situations. He pores through each new bill and spreads his knowledge across the farm-program services team he leads. Together, the team impacts the bottom line of producers every single day.
Matthew Farrell: Matthew demonstrates his passion for agriculture as he provides crop insurance, farm-program services, and farm financial management for producers. Fascinated with the impact of commodity markets and government on farming operations, Matthew keeps close watch on how they affect the farmers he serves. Because unforeseeable forces affect price and yield, Matthew develops risk management plans for ag producers tailored to their risk tolerances.