NY Farmers To Receive Assistance for Crop Price Losses

From the USDA Farm Service Agency

The U.S. Department of Agriculture New York State Farm Service Agency Executive Director James Barber says a majority of New York farms that enrolled in safety-net programs established by the 2014 Farm Bill will receive financial assistance for the 2015 crop year. 

The programs, known as Agriculture Risk Coverage and Price Loss Coverage, are designed to protect against unexpected drops in crop prices or revenues due to market downturns.

“These safety-net programs provide help when price and revenues fall below normal, unlike the previous direct payments program that provided funds even in good years,” said Barber. “These payments will help provide reassurance to New York farm families, who are standing strong against low commodity prices compounded by unfavorable growing conditions. 

"For example, 55 counties in New York state harvest corn, and 51 have experienced a drop in price below the benchmark price established by the Agriculture Risk Coverage program. Payments will also be made in most counties to producers of oats, soybeans and wheat,” Barber said.

“Payments by county can vary because average county yields will differ,” he said.  

Statewide, 17,577 farms participated in Agriculture Risk Coverage and 931 farms participated in Price Loss Coverage.  

More details on the price and yield information used to calculate the financing assistance from the safety-net programs is available on the FSA website at www.fsa.usda.gov/arc-plc and
www.fsa.usda.gov/ny.