Logan County E-NEWS
Tuesday, November 02, 2010 Issue# 11 -10
Logan County Farm Service Agency Phone: (217) 735-5508 Ext. 2
1650 5th St Fax : (217) 732-9916
Lincoln, IL 62656 Hours: M-F, 8:00 am to 4:30 PM
News & Information
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· State of Illinois hits ACRE triggers
· U of I Extension Multi-County Directors
· Marketing Assistant Loans November Loan Rates
Crops hit state ACRE trigger for Illinios
WASHINGTON, Oct. 28, 2010 Agriculture Secretary Tom Vilsack announced the states that have met the revenue triggers allowing farmers to earn Average Crop Revenue Election (ACRE) program payments on planted acres of corn, grain sorghum, soybeans (not Illinois), peanuts, lentils, dry peas and upland cotton if the farm also meets the revenue trigger. These ACRE crops are in addition to wheat, barley and oats, which have been previously announced as meeting the revenue triggers in certain states.
Q: Havent I already received my ACRE payment?
A: No, Remember you receive a reduced Direct Payment as well as a possible ACRE payment. ACRE participants have received their DCP (Direct payment) portion, but no ACRE payments have been made yet.
Q: Does that mean I will qualify for an ACRE payment?
A: Not necessarily. Your FARM TRIGGER must also be met in order to qualify for an ACRE payment.
Q: Will everyone receive the same amount of ACRE payment?
A: No, You may have a different Farm Productivity Factor which is:
Benchmark Farm Yield (04- 08) - (your personal farm)
Benchmark State Yield (04-08)
This will result in neighboring farms receiving different amounts of ACRE payments.
Q: IF I qualify, when will I receive my ACRE payment?
A: Qualifying ACRE participants may expect their payments to be issued this month.
U of I Extension multi-county directors announced
URBANA New University of Illinois county directors will begin providing leadership in multi-county units on November 1.
Reorganizing the U of I Extension offices statewide has been a difficult process but we are very pleased with the caliber of the personnel in the key leadership positions, said Robert Hoeft, Interim Associate Dean for Extension and Outreach. We are living in tough economic times, but Im confident that our county directors will rise to the challenge and provide meaningful programs and services to the counties in their jurisdiction.
The multi-county unit county directors are:
Margaret Larson: Jo Daviess/Stephenson/Winnebago
Vicky Broos: Boone/DeKalb/Ogle
James Reaves: Lake/McHenry
Joe Schwamberger: Carroll/Lee/Whiteside
Sandra Davis: DuPage/Kane/Kendall/
Willene Buffett: Cook
Tony Franklin: Henry/Mercer/Stark/Rock Island
Jill Guynn: Bureau/LaSalle/Marshall/Putnam
Beth LaPlante: Grundy/Kankakee/Will
Lisa Fulkerson: Henderson/Knox/McDonough/Warren
Earl Allen: Fulton/Mason/Peoria/Tazewell
Cynthia Baer: Livingston/McLean/Woodford
Ginger Boas: Champaign/Ford/Iroquois /Vermilion
Aaron Dufelmeier: Calhoun/Cass/Greene/Morgan/Scott
John Fulton: Logan/Menard/Sangamon
Doug Harlan: DeWitt/Macon/Piatt
Denise Kistner: Christian/Jersey/Macoupin/Montgomery
Jim Looft: Coles/Cumberland/Moultrie/Douglas/Shelby
Stacy Larson: Clark/Crawford/Edgar
Rachelle Hollinshead: Clay/Effingham/Fayette/Jasper
Pam Jacobs: Madison/St. Clair/Monroe
Joel Brumley: Edwards/Lawrence/Richland/Wabash
Julie Mumbower: Franklin/Jackson/Perry/Randolph/Williamson
Jody Johnson: Alexander/Johnson/Massac/Pulaski/Union
Marketing Assistant Loans & November Loan Rates
Commodity loans allow producers to maintain ownership of grain in hopes of better marketing opportunities while taking advantage of low cost operating capital.
· CALL BEFORE YOU HAUL Do NOT move farm-stored loan collateral without prior authorization. Doing so is considered unauthorized disposition of grain, is considered a loan violation and subject to administrative and monetary penalty. COMMODITY LOAN RULE VIOLATIONS CAN BE AN EXPENSIVE MISTAKE!
Spot checks will be made monthly. Notify us if you intend to move grain.
November Interest Rates
· 9-month Commodity loans ..... 1.250%
Farm Storage Facility Loans
· 7-yr note .. 1.875%
· 10-yr note . 2.500%
· 12-yr note . 2.750%
Program Eligibility is Dependant on Your Crop Insurance Coverage- reminder for 2011
1) To participate in the Direct and Counter-Cyclical Program, you are not required to purchase crop insurance.
2) To participate in the Conservation Reserve Program, you are required to purchase crop insurance on any insurable crop or sign a waiver of any eligibility for emergency assistance connected with the crop.
3) To participate in one of the 5 newer disaster assistance programs that were created within the 2008 Farm Bill, you have responsibilities to purchase insurance on crops that you historically have not purchased insurance on, such as forage and pasture.
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