Monday, October 18, 2010

USDA to distribute more than $5B in farmer funding

U.S. Department of Agriculture Farm Service Agency State Executive Director Paul Hlubik recently announced that during this month, USDA will distribute approximately $1.6 billion in annual Conservation Reserve Program (CRP) rental payments and $3.8 billion in final 2010 direct payments to America's farmers and ranchers. "October is an important production month because CRP rental payments, direct and counter-cyclical payments (DCP), and now Average Crop Revenue Election (ACRE) payments are paid during this first month of the Federal fiscal year," said Hlubik. "These funds support the agricultural economy and responsible stewardship of America's production acreage."...more

October. Let' see, isn't that the month right before the elections?

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