Application period for elections on generic base acres is now open through December 7, 2018.
The United States Department of Agriculture (USDA), through the Farm Service Agency (FSA), has opened the application period for elections to be made on generic base acres.
The Bipartisan Budget Act of 2018 designated Seed Cotton as a program crop and eliminated generic base acres and the base allocation process. Now, producers with generic base will have a one-time opportunity to allocate those generic base acres to program crop base acres (including the new seed cotton base) and make the Agriculture Risk Coverage (ARC) or Price Loss Coverage (PLC) selections on the seed cotton base. Farm owners will also have the opportunity to update payment yields for seed cotton.
Producers must make the ARC or PLC election on all farms with new seed cotton base. If the election is not made by December 7, PLC will be the default election.
Farm owners will have two options to update PLC payment yields for seed cotton:
Should producers not choose PLC, there is still an opportunity to update to maximum yields.
While the planted and prevented planted history was sent out to producers by FSA, many producers have reported that they have not received letters. Producers can request that history from the FSA to help make decisions.
K·Coe Isom’s Farm Program Services can help producers with this election process in order to make the best decisions for their individual operations. Should you have questions regarding these elections, please reach out to our Farm Program Services team.