USDA Issues $1.8 Bil. in CRP Rental Payments

September 30, 2008 07:00 PM
 

Pro Farmer Editors

 

Agriculture Secretary Ed Schafer today announced USDA will distribute $1.8 billion in Conservation Reserve Program rental payments to participants across the country for fiscal year 2009.

Producers holding about 766,000 contracts on 430,000 farms will receive an average of $50.93 per acre. The payments allow producers enrolled in the program to earn an average of $4,105 per farm.

Included in the totals are 380,000 contracts (4.1 million acres) for the Conservation Reserve Program's (CRP) continuous sign-up and 386,000 contracts (30.6 million acres) for general sign-up. Under continuous sign-up, producers may enroll high priority conservation practices such as filter strips, riparian buffers, and wetland restorations at any time without competition.

Currently, enrollment stands at 34.7 million acres, making CRP the largest public-private partnership for conservation and wildlife habitat in the United States. This voluntary program helps agricultural producers safeguard environmentally-sensitive land. Producers enroll in CRP and plant long-term, resource-conserving covers to improve water quality, control soil erosion and enhance habitats for waterfowl and wildlife. In return, USDA provides producers with annual rental payments. CRP contract duration is from 10 to 15 years.

USDA issues other CRP payments throughout the year. These payments include a 50 percent expense reimbursement for establishing and managing cover as well as incentive payments for enrolling eligible high priority conservation practices.


Back to news

Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close