Friday, May 06, 2016

Record Landowner Demand for CRP met with Extraordinarily Low Acceptance Rate

U.S. Department of Agriculture Secretary Tom Vilsack announced today that 800,000 acres will be enrolled through three different components of the Conservation Reserve Program (CRP). Of particular note, USDA’s CRP general sign-up completed at the end of February generated more than 1.8 million acres in offers, but was only able to accept 23 percent of the 26,000 landowner applications because of the program’s 24 million acre cap. As a result, Secretary Vilsack commented on the need for a larger CRP cap to meet landowner demand and natural resource benefits. In addition to the general CRP sign-up, Secretary Vilsack also reported 4,600 additional offers were made for 1 million acres in the new CRP Grasslands program. Finally, an additional 330,000 acres were enrolled through continuous CRP sign-ups, which is in addition to last year’s record-setting 860,000 continuous acres enrolled...more

No comments: