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MFP 2.0 details
MFP payments shall not exceed 2018 planted acres. Last year I planted 65 acres. This year, my grandpa retired so now I have 350 acres. Looks like I’m out of luck???
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My wife and I took over all the remaining land my father had been running for last 40+ years. That roughly tripled my acres from 2018 to 2019. While at FSA last week signing up for MFP, I saw the same "not to exceed 2018 acres". However, there was also an exception for "added acres". Being that not all the details are fully understood by even the FSA agents, my guy wasn't exactly sure what was goi...
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Thanks Westin for the report from the source. That is great to hear and correlates with our understanding of the rules for eligibility of transferred acres.
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Just signed up today, we will get paid on newly acquired acres. She told me as long as it was farmed by someone last year, you will get paid. For example, if you took CRP out to farm this year, no payment on those situations.
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Your own payment is based off 2019 eligible acres. The math above refers to the calculation of the MFP payment rate for each county.
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MFP has provisions for new farmers and added land. I believe as long as the added acres would have qualified last year, they can be transferred to you. More details are forthcoming. I’ll update this post as they are available. Thank you for your question. - Eric Sorensen, Director of Crop Insurance
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So will I get paid for four year average planted acres?
Here are comments from Pro Farmer’s Jim Wiesemeyer in a recent article on Farm Journal's AgPro regarding the calculation method USDA used for MFP 2.0 payments.
“For each of the MFP-eligible crops in the county, multiply (a) the 3-year average RMA yield for the county, by (b) the 4-year average FSA planted acres in the county, by (c) the damage rate for the crop from (1) above. That gives total da...
I know it sucks!!
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