Farmers experiencinglower wheat prices;Some relief is available

Jackson County FSA News

By Carl Josefy -

Over the coming weeks, Altus Farm Service Agency County Executive Director Carl Josefy will be providing information and news items under the heading Jackson County FSA News.

Several farmers and ranchers have been inquiring where to go for additional information, so the intent is this will help them and assist the general public, learn about FSA programs and options available.

Josefy began his duties with FSA in Tillman County in 1987 as a program technician. In 1990, he left the agency and became parts manager at a local agricultural dealership in Frederick, but returned to FSA in 1994. In 2001, after completion of required management and operations training, he was hired as the CED for Love-Carter-Marshall County FSA in Marietta. In 2002, he was hired as the CED in Tillman County, where he worked until being accepted as the director in Jackson County in 2014.

Josefy’s goal is to always provide as much information about farm programs as possible and to assist customers at all times.

Currently, local farmers are experiencing depressed wheat prices for their 2016 crop. FSA offers marketing assistance loans or MALs and/or loan deficiency payments or LDPs on certain eligible commodities. Loans and LDPs are authorized under the provisions passed under the Agricultural Act of 2014 (Farm Bill) for wheat, corn, grain sorghum, oats, barley, upland cotton, soybeans, other oilseeds (including sesame, canola, rapeseed, sunflower, safflower, flaxseed, mustard seed, crambe), dry peas, chickpeas, wool, mohair, unshorn pelts, honey, and peanuts.

Hay, silage, and unshorn pelts are eligible for LDPs, but not for marketing assistance loans.

Commodity loans provide interim financing at harvest time to help producers meet cash flow needs without having to sell commodities when market prices are typically lower, allowing the producer to delay the sale of the commodity until more favorable market conditions emerge. These crop loans are an excellent marketing tool for producers who need some money to pay bills at harvest while hanging onto the crop until crop demand raises the market price later in the year. Plus, there is little risk since the loan is considered non-recourse. Non-recourse loans can be redeemed by repayment, or by delivering the commodity to Commodity Credit Corporation or CCC as full payment for the loan upon maturity. A producer realizes a marketing loan gain or MLG if the loan is repaid at less than the loan principal.

Upcoming deadlines:

Aug. 5 – deadline to submit your 2015 Cotton Ginning Cost Share application for payment

Aug. 31 – deadline to purchase NAP loss coverage for 2017 small grains, mixed forages, Alfalfa, cool season grasses, and other fall non-insurable crops.

Nov. 15 – final date to report all grass acreage (for forage or grazing).

Josefy seeks feedback and welcomes suggestions regarding information on programs or benefits of interest.

For more information about FSA programs or eligibility for benefits, contact the Altus FSA office at 580-482-4312, ext. 2.

Jackson County FSA News

By Carl Josefy

Reach Carl Josefy at 580-482-4312.

Reach Carl Josefy at 580-482-4312.

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