2021 Spring Farm

Page 20 2021 Logan County Farm Outlook LINCOLN DAILY NEWS March 18, 2021 AMA is only available in 16 states: Connecticut, Delaware, Hawaii, Maine, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Utah, Vermont, West Virginia and Wyoming. ARC stands for Agriculture Risk Coverage, and PLC stands for Price Loss Coverage. The two programs are closely related, and they both provide assistance when pricing doesn’t work out in the way an agricultural business plans for. The ARC program provides income support based specifically on previous years’ base acres (not any current production) of covered products. ARC payments are issued when the actual county crop revenue of a covered commodity is less than the guaranteed crop rate for a given year. PLC program payments are distributed when the actual price of a covered product fails to meet the projected price for that product. BFRDP stands for Beginning Farmer and Rancher Development Program. This program provides grants to help pay for education, mentoring, and technical assistance initiatives for people just getting started in agribusiness. BFRDP grants are limited to “state, tribal, local, or regionally-based networks or partnerships, such as an extension service; a governing agency; a community service organization; or a college or university.” These organizations use such grants to educate agricultural students in their respective areas. CFAP (a new program for the times) CFAP stands for Coronavirus Food Assistance Program. The CFAP provides financial assistance to farmers dealing with “a five-percent-or-greater price decline,” or who otherwise face losses due to supply disruptions, due to COVID-19. The CFAP has gone through multiple phases in the last year. Initially, only certain commodities were eligible for assistance. Since then, nearly one hundred different commodities and products have been added to the list of eligible products. BFRDP Continue 4 ARC and PLC