Farmers can update yields for first time in six years

WASHINGTON — USDA’s Farm Service Agency (FSA) is reminding farm owners to update Price Loss Coverage (PLC) program yields for covered commodities on the farm. The deadline is Wednesday, Sept. 30.

The updated yields are then used to calculate the PLC payments for 2020 through 2023. Additionally, producers who elected Agriculture Risk Coverage (ARC) should also consider updating their yields.

“The last time farmers could update yields for these important safety-net programs was in 2014,” said FSA Administrator Richard Fordyce. “It is the farm owner’s choice whether to update or keep existing yields. So, if you rent, you’ll need to communicate with your landlord who will be the one to sign off on the yield updates.”

Updating yields requires the signature of one owner on a farm and not all owners. If you chose to not update make any updates, no action is required.

For program payments, updated yields will apply beginning with the 2020 crop year which, should payments trigger, will be paid out in October of 2021.

The updated yield will be equal to 90 percent of the average yield per planted acre in crop years 2013-2017. That excludes any year where the applicable covered commodity was not planted and is subject to the ratio obtained by dividing the 2008-2012 average national yield by the 2013-2017 average national yield for the covered commodity.

The chart below provides the ratio obtained by this calculation.

 

Covered Commodity

National Yield Factor

Barley

0.9437

Canola

0.9643

Chickpeas, Large

1.0000

Chickpeas, Small

0.9760

Corn

0.9000

Crambe

1.0000

Flaxseed

1.0000

Grain Sorghum

0.9077

Lentils

1.0000

Mustard Seed

0.9460

Oats

0.9524

Peanuts

0.9273

Peas, Dry

0.9988

Rapeseed

1.0000

Rice, Long

0.9330

Rice, Medium

0.9887

Rice, Temp Japonica

0.9591

Safflower

1.0000

Seed Cotton

0.9000

Sesame Seed

0.9673

Soybeans

0.9000

Sunflower Seed

0.9396

Wheat

0.9545

If the reported yield in any year is less than 75 percent of the 2013-2017 average county yield, the yield will be substituted with 75 percent of the county average yield.

For more information on updating your yields, visit farmers.gov/arc-plc or contact your local FSA county office for assistance. To find your FSA county office, click here.

Categories: Nebraska News