DES MOINES — Iowa USDA Farm Service Agency Executive Director John Whitaker reminds producers of two important Direct and Counter-Cyclical Program deadlines this month.
Producers who have either not yet enrolled in DCP or have not yet signed their DCP contracts must do so by close of business Monday, Sept.16, 3013.
Additionally, Whitaker reminds producers that any succession-in-interest changes made to an operation that affect interest in base acres since the current DCP contract on file was signed, must be reported to the local FSA office by close of business Monday, Sept. 30.
Changes that qualify as a succession-in-interest include: sale of land; change of operator or producer, including an increase or decrease in the number of partners; foreclosure, bankruptcy or involuntary loss of the farm; and change in producer shares to reflect changes in the producer’s share of the crop(s) that were originally approved on the contract.
“In the event of a succession-in-interest, the ‘predecessor,’ is required to refund any advance DCP payments received for the affected base acres before a payment can be made to the successor,” said Whitaker.
The American Taxpayer Relief Act of 2012 amends the Food, Conservation, and Energy Act of 2008 and provides for a one-year extension of the Direct and Counter-Cyclical program.