Generic Base Decision Tool for ARC/PLC Now Available
USDA’s Farm Service Agency (FSA) announced it is notifying farmers with generic base acres who planted seed cotton that a new tool is available to assist them in understanding how the new seed cotton program may affect their FSA payments. The tool, at www.afpc.tamu.edu/tools/cotton-base, helps a producer make decisions on how to allocate generic base acres to other covered crops based on a producer’s planting history.
USDA stated in its release that the tool was developed by Texas A&M University and is for educational purposes only. By using the tool, it is agreed that the results are not a guarantee of future FSA program parameters or payments. Users also acknowledge that this tool is provided with absolutely no warranty, without even the implied warranty of fitness for a particular purpose.
The Bipartisan Budget Act of 2018 included seed cotton as a covered commodity under the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) program effective for the 2018 crop year. The Act also authorizes owners of a farm with generic base acres and a recent history of covered commodities a one-time opportunity to update the farm’s payment yield for seed cotton. (see 6-29-18 Cotton’s Week)