USDA announced today that the deadline for filing ERP Phase 2 and PARP has been extended about six weeks to July 14, 2023.
We had heard from various tax preparers being behind in getting these applications done for their farm clients. The FSA continues to tout how easy these applications are but we are the first to admit that it is not a simple matter to calculate these claims when crop insurance, federal payments, and livestock related revenue is involved.
This new deadline should give farmers sufficient time to get these claims calculated, but we believe most farmers will find they do not qualify for much since their Allowable Gross Revenue has not fallen enough to qualify.
We will keep you posted.
