COMMODITY LOANS FOR 2013 AVAILABLE
Farm Service Agency (FSA) Administrator Juan M. Garcia has announced the processing and disbursement of 2013 crop commodity loans has resumed.
The processing and disbursement of 2013 crop commodity loans has resumed.
Crop year 2013 commodity loan-making was suspended Oct. 1 to make changes necessary to accommodate the automatic funding reductions known as sequester. Sequestration is mandated by the Balanced Budget and Emergency Deficit Control Act of 1985 as amended by the Budget Control Act of 2011.
“We must comply with the laws established by Congress to reduce funds in accordance with sequestration policy,” said Garcia. “We regret the delay this has created in USDA issuing marketing assistance loans because we know how critical the loans are to many farmers’ cash flow at this time of year.”
The commodity loan programs provide interim financing to producers for agricultural commodities stored after harvest and then sold throughout the year. Producers requesting 2013 crop commodity loans on their harvested commodities now will have a 5.1 percent reduction to the loan amount upon its disbursement, due to the sequestration.
Commodity loans issued by marketing associations and loan servicing agents are also subject to the sequestration reduction. During the period loan-making was suspended, producers were still able to submit loan applications to their county FSA offices, marketing associations and loan servicing agents. The processing and disbursement of these applications will begin immediately.
For further information about commodity marketing loans, farmers may contact their local county FSA office or go online to www.fsa.usda.gov .
FOREIGN INVESTORS WHO HOLD AGRICULTURAL LAND
Foreign investors who buy, sell or hold a direct or indirect interest in U.S. agricultural land must report their holdings and transactions to the U.S. Secretary of Agriculture.
Failure to file an accurate report on time can result in a penalty with fines up to 25 percent of the fair market value of the agricultural land. Foreign persons who are buying or selling land must report the transaction within 90 days of the date of the transaction.
Who Must Report:
• Individuals who are not U.S. citizens or citizens of the Northern Mariana Islands or the Trust Territory of the Pacific Islands
• Individuals who are not lawfully admitted to the U.S. for permanent residence or who are not paroled into the U.S. under the Immigration and Nationality Act q#Any organization created under laws of a foreign government or which has located its principal place of business outside the United States.
• Any U.S. organization in which a significant interest or substantial control is directly or indirectly held by foreign individuals, organizations or governments
• Any foreign governments.
What to Report:
• Each tract of agricultural land in the United States, its territories, the Northern Mariana Islands and the Trust Territories of the Pacific Islands owned by persons required to report.
• Leaseholds of 10 years or more. USDA designated the FSA to collect the AFIDA report forms.
Individuals wanting to obtain an AFIDA report form FSA-153 may do so from any FSA county office. The FSA-153 is available in both English and Spanish translations.
You can also go online and download the form at forms.sc.egov.usda.gov/efcommon/eFileServices/Forms/FSA0153_010524V02.pdf.
Although interested parties may obtain a report form from any FSA county office, the completed form must be returned to the FSA county office where the land is located or where the programs are administered. Foreign investors should contact the BLANK County FSA Office if this pertains to you.
2014 REPORTING OF FALL SEEDED CROPS
All producers are reminded the acreage reporting date for fall seeded crops has changed and the acreage reporting date is Dec. 15, 2013.
This applies to all fall seeded crops including fall barley, fall wheat and all other fall-seeded small grains.
For 2013, the final certification date will be Dec. 16, 2013 because Dec. 15 falls on a Sunday.
Why pay to file your certification when you can do it for free prior to the deadline?
Please call to schedule an appointment to certify your wheat crop.
FARMING OPERATION CHANGES
If you have bought or sold land, or if you have added or dropped rented land from your operation, make sure you report the changes to the office as soon as possible.
You need to provide a copy of your deed or recorded land contract for purchased property.
Failure to maintain accurate records with FSA on all land you have an interest in can lead to possible program ineligibility and penalties.
Making the record changes now will save you time in the spring.
Update signature authorization when changes in the operation occur.
Producers are reminded to notify the office of a change in operations on a farm so records can be kept current and accurate.
All FSA offices will be closed Thursday in observance of Thanksgiving. Normal hours will resume Friday.