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On New Year's Eve, USDA Secretary Brooke Rollins announced the eligible commodity per-acre payment rates for the Farmer Bridge Assistance Program. The administration announced at the beginning of December that it was dedicating $12 Billion in one-time "bridge payments" to assist program commodity and specialty crop producers impacted by "record-high input and production costs, zero new trade deals, and a forgotten rural America."
The announced commodities and per acre payment rates are as followed:
• Barley: $20.51
• Canola: $23.57
• Chickpeas (Large): $26.46
• Chickpeas (Small): $33.36
• Corn: $44.36
• Cotton: $117.35
• Flax: $8.05
• Lentils: $23.98
• Mustard: $23.21
• Oats: $81.75
• Peanuts: $55.65
• Peas: $19.60
• Rice: $132.89
• Safflower: $24.86
• Sesame: $13.68
• Sorghum: $48.11
• Soybeans: $30.88
• Sunflower: $17.32
• Wheat: $39.35
All intended row crop uses are eligible for the bridge payments except grazing, volunteer stands, experimental, green manure, crops left standing and abandoned or cover crops. Crop insurance linkage is not required. $11 billion of the total $12 billion appropriation will be directed towards row crops with $1 billion set aside for specialty crops (the announcement for specialty crops will be announced at a later date).
For more information about the Farmer Bridge Assistance Program (FBA), visit www.fsa.usda.gov/fba.
Further Reading:
AFBF Market Intel: Farmer Bridge Assistance Program
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