Friday, July 12, 2013

DCP Program notes

Direct and Counter-Cyclical Program (DCP) Sign-up Closes August 2nd

Producers are encouraged to sign up for the Direct and Counter-cyclical program (DCP) before the Aug. 2, 2013, deadline. 
The 2013 DCP and ACRE program provisions are unchanged from 2012, except that all eligible participants in 2013 had the option to enroll in either DCP or ACRE for the 2013 crop year.  This means that eligible producers who were enrolled in ACRE in 2012 had the opportunity to re-enroll in ACRE for 2013 before the June 3, 2013 deadline or they can still enroll in DCP through August 2, 2013.  
Eligible DCP participants receive a direct payment and/or a counter-cyclical payment. Direct payment rates are established by statute regardless of market prices. Counter-cyclical payments vary depending on market prices, and are issued only when the effective price for a commodity is below its target price (which takes into account the direct payment rate, market price and loan rate).
Producers who wish to enroll in DCP are encouraged to schedule an appointment with their local FSA Office as soon as possible.

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