FSA News and Information
News and information from the Farm Service Agency offices:
1.) In July we have experienced extreme heat conditions. If your livestock have been affected by the heat, we have a disaster assistance program in which you may be eligible. The Livestock Indemnity Program (LIP) is for producers who have experienced livestock deaths due to adverse weather. You must fill out a Notice of Loss form within 30 days of losing your livestock. The USDA bases the LIP national payment rate for eligible livestock owners on 75 percent of the average fair market value of the livestock. If you think this program applies to you, please call our office for more information and to find out if you are eligible. 765-564-2849
2.) The County Committee Election ballots will be mailed out to Local Administrative Area 3 including the townships of Washington, Carrollton, Burlington and Democrat starting November 4th. The ballots will need to be postmarked by December 5th. Make sure you exercise your right to vote!
3.) All producers who filled out an Average Adjusted Gross Income (AGI) form to be eligible for payment also needed to fill out a form giving consent to the Internal Revenue Service (IRS) to verify that you have not exceeded the income limitations. We sent this form home with you to send it to the IRS. If you did not send this form to the IRS, you probably received a letter stating that you needed to send one in. If you do not send this form to the IRS, you will not be eligible for your final farm program payments in October and you will have to refund all applicable payments. If you are not sure if you mailed it in or not, please feel free to call our office and we can check our list. 765-564-2849
If you know you have not sent in the form, you can click here to access the form to print and mail to the IRS. For individuals, please click here: http://www.fsa.usda.gov/ccc927.For entities, please click here:http://www.fsa.usda.gov/ccc928.
4.) For the month of August, the commodity loans rates are 1.125%. Interest rates for Farm Storage Facility Loans approved in August 2011 are as follows, 2.250 percent with seven-year loan terms, down from 2.375 in July 2011; 3.000 percent with 10-year loan terms, unchanged from 3.000 in July 2011 and; 3.375 percent with 12-year loan terms, up from 3.250 percent in July 2011.
August 09, 2011 10:25 am | Education and News and Resources
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