FSA releases farm program payments
Executive director, Marion County Farm Service Agency
Producers enrolled in current Direct & Counter-Cyclical Program (DCP) contracts have been issued their final installment of the 2008 year direct type payment. More than 2,700 Marion County producers received a total of $2.6 million. These payments were disbursed by electronic funds transfer or direct deposit to producer bank accounts. Those producers with any outstanding filed financial assignments had their payments routed to designated assignees.
Following is the different crop DCP payment rates. The crop is listed first followed by the direct payment rate of dollars per bushel.
Wheat 0.52
Barley 0.24
Corn 0.28
Gr. Sorghum 0.35
Oats 0.024
Soybeans 0.44.
Producers who received earlier issued advance payments will only receive 78 percent of stated rates.
Last modified Oct. 22, 2008