USDA Says MFP Payments Could Apply to Cover Crops on Prevent Plant Acres
On Monday, July 1st, the U.S. Department of Agriculture (USDA) made it known that cover crops planted on prevent plant acres would likely be eligible for a minimal Market Facilitation Program (MFP) payment. Full details and amounts were not disclosed. Cover crops planted are also eligible for early harvest beginning September 1, which is two months ahead of what is normally allowable on prevent plant acres. Prevent plant acres that do not go to cover crop will not be eligible for MFP payments on those acres.
A disaster bill approved by Congress earlier this summer provided an allowance for greater insurance payments for prevent plant acres, but the dollar amounts available and the significant number of acres claimed this crop year are likely to make the increase in insurance payments minimal relative to what was authorized under the bill.